Gold recovers from 2-week low as dollar slides |
Reuters - Sep 25, 2009 |
Gold recovered from two-week lows on Friday as the dollar slipped against the euro after data showed consumer sentiment in the United States was improving.
Spot gold fell as low as $984.70 an ounce, its lowest since September 10. It was bid at $991.40 an ounce at 1453 GMT from $993.75 late in New York on Thursday.
Gold recovered its poise as the dollar fell after the Reuters/University of Michigan index of consumer sentiment rose to 73.5 in September from 65.7 in August.
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- Posted: 2009-09-25 10:38:42
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