Wednesday, 25 July 2007

Gold slips 1.6 pct on dollar recovery, soft oil

(Reuters) - Gold fell 1.6 percent on Wednesday as a recovery in the dollar and softer oil prompted investors to take profits from the metal's 11-week highs.

Gold slipped as low as $671.70 an ounce and was quoted at $672.70/673.30 at 1448 GMT, against $682.60/683.40 in New York late on Tuesday, when a record-low dollar propelled gold as high as $687.10.


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