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Wednesday, February 10, 2010 E-Mail this article to a friend Printer Friendly Version

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Gold rises above $1,070 an ounce

LONDON: Gold rose above $1,070 an ounce on Tuesday as the dollar fell versus the euro. Spot gold hit a session high of $1,079.05 an ounce and was bid at $1,073.20 an ounce at 1424 GMT, against $1,062.80 late in New York on Monday. Late last week it fell to a three-month low at $1,043.75 as the euro tumbled. US gold futures for April delivery on the COMEX division of the New York Mercantile Exchange rose $7.30 to $1,073.00 an ounce. Among other precious metals, silver was at $15.20 an ounce against $14.98, tracking gold higher. Platinum was at $1,490 an ounce against $1,472, while palladium was at $409 against $404. reuters

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