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Gold rebounds as dollar plunges against European single currency

July 1, 2009 - 6:23am | Markets | News
Gold rebounds as dollar plunges against European single currency

On Wednesday spot gold rebounded as the dollar lost its ground against euro. According to the market reports volumes were relatively low as market participants expected gold to remain range-bound ahead of U.S. jobs data Thursday.

At 0925 GMT, spot gold was trading at $932.25 a troy ounce, up 0.7% on the day. Spot silver was 0.9% higher at $13.692/oz. 

Spot platinum gained 0.3% to $1,175.50/oz, and spot palladium was flat at $248/oz. 
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commodity markets | dollar | ETF | euro | European currency | spot gold | spot platinum
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