Get Updates
Get notified of breaking news, exclusive insights, and must-see stories!

Array

SINGAPORE, Aug 2 (Reuters) Gold rose to its highest level in two weeks on Wednesday because of firm crude oil prices, gains in Japanese futures and a volatile U.S. dollar.

-- Spot gold hit a high of $647.25 an ounce and hovered around $647.00/648.00 an ounce by 0057 GMT, up from $646.70/647.70 late in New York on Tuesday, when the metal rose nearly 2 percent.

-- Resistance was pegged around $650 an ounce, a level last seen in July.

-- Benchmark gold futures on the Tokyo Commodity Exchange rose 44 yen gram to 2,404 yen, tracking gains in New York's COMEX market.

-- U.S. crude oil futures rose for a third day, edging above $75 on conflict in the Middle East and expected drops in oil stocks in the United States, the world's largest energy consumer.

-- Platinum rose to $1,246/1,251 an ounce from late New York levels of $1,244/1,248 an ounce.

-- Sister metal palladium gained to $319/324 from $316/321.

-- Silver inched up to $11.72/11.80 an ounce from $11.68/11.78 late in New York.

-- The dollar was quoted at 114.46 yen , down slightly from levels in late U.S. trading and within sight of a three-week low near 114.20 yen hit on Monday.

-- The euro was lower at $1. 2819 .

Precious Metals Prices by 0045 GMT* Metal Last Net change Pct Move Gold 647.00 0.30 +0.05 Platinum 1246.00 2.00 +0.16 Palladium 319.00 3.00 +0.95 Silver 11.72 0.04 +0.34 Change so far in 2006 Metal Latest bid End prev year Pct Move Gold 647.00 517.20 +25.10 Platinum 1246.00 968.00 +28.72 Palladium 319.00 254.00 +25.59 Silver 11.72 8.81 +33.03 * The closing prices used to calculate the net change may differ from New York's last quoted prices.

REUTERS VJ BST0702

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+