praveen
07-07-2008, 07:15 AM
Gold dipped on Monday, losing some of its safe haven appeal after oil prices retreated and the US dollar strengthened.
Gold slipped to $929.70/930.70 an ounce from $932.00/933.00 an ounce at the close in London on Friday. US markets were closed for the Independence Day holiday.
Gold futures for August delivery on the COMEX division of the New York Mercantile Exchange fell $1.6 an ounce to $932.0. NYMEX crude for August delivery fell $1.22 cents to $144.07 a barrel in Globex electronic trading, below an all-time high of $145.85 hit on Thursday.
Gold slipped to $929.70/930.70 an ounce from $932.00/933.00 an ounce at the close in London on Friday. US markets were closed for the Independence Day holiday.
Gold futures for August delivery on the COMEX division of the New York Mercantile Exchange fell $1.6 an ounce to $932.0. NYMEX crude for August delivery fell $1.22 cents to $144.07 a barrel in Globex electronic trading, below an all-time high of $145.85 hit on Thursday.