Monday, 23 July 2007

Gold trades near 10-week highs on weaker dollar

(Reuters) - Gold was firm on Monday, holding near 10-week highs as the dollar hit record lows against the euro on worries about the U.S. subprime mortgage sector.

Gold stood at $683.80/684.60 an ounce at 1310 GMT, compared with $682.90/$683.70 late in New York on Friday, when it touched $686, the highest since May 9 and a gain of more than $20 since last Monday.


Read more at Reuters Africa

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