Gold hits 1-week high as Asian shares tumble
Reuters (30/5)- SINGAPORE- Gold jumped more than a percent to a one-week
high on Thursday as investors dumped equities, but the metal still
risked losing its safe-haven appeal on worries the U.S. Federal Reserve
could scale back its bullion-friendly bond buying programme.
Gold hit an intraday low around $1,388 an ounce before rallying to as high as $1,410.51, its highest since May 22, as investors shifted some money back to bullion. It stood at $1,407.52 by 0714 GMT, up about 1 percent.
http://www.reuters.com/article/2013/05/30/markets-precious-idUSL3N0EB08M20130530
Gold hit an intraday low around $1,388 an ounce before rallying to as high as $1,410.51, its highest since May 22, as investors shifted some money back to bullion. It stood at $1,407.52 by 0714 GMT, up about 1 percent.
http://www.reuters.com/article/2013/05/30/markets-precious-idUSL3N0EB08M20130530
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