SINGAPORE, Jan 17 Gold weakened on Wednesday after volatile trade in New York, where a fi

By Staff
|
Google Oneindia News

SINGAPORE, Jan 17 (Reuters) Gold weakened on Wednesday after volatile trade in New York, where a firmer U.S. dollar and falling crude oil prices triggered selling by investors.

-- Spot gold slipped to $624.00/625.00 an ounce from $625.20/626.20 in New York late on Tuesday.

-- A Reuters poll of 42 analysts from around the world forecast a median price for spot gold of $651.25 in 2007, up 6.4 percent on 2006, due mainly to expectations of dollar weakness.

-- Benchmark gold futures on the Tokyo Commodity Exchange, currently December 2007, added 10 yen per gram to 2,448 yen.

-- The euro was flat at $1.2921 -- Silver edged up to $12.59/12.66 an ounce from $12.55/12.62 an ounce.

-- Platinum eased to $1,134/1,139 an ounce from $1,135/1,141 in London.

-- Palladium rose to $330/335 an ounce from $326/329.

REUTERS PKS BST0622

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X