Posted AT 5:11 PM EDT on 27/03/08
Gold price edges up
NEW YORK, LONDON — Gold ended higher Thursday, near its one-week peak as a late rally of energy prices offset a stronger U.S. dollar.
Analysts said sentiment was positive. They said gold, viewed as a hedge against oil-led inflation, may retest the $1,000 (U.S.) mark soon on support from strong oil prices that jumped after an oil pipeline explosion in Iraq.
Spot gold hit a high of $954.50 an ounce before ending at $951.80/952.
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