Posted AT 3:51 PM EDT on 12/05/08
Gold falls on oil's weakness
NEW YORK and LONDON — Gold ended lower Monday, giving up overnight gains due to retreating crude prices, but a further oil rally may help bullion defy declines in demand from jewellers and other physical buyers.
Meanwhile, silver finished nearly 2 per cent higher in spite of gold's decline, as buy-stops accelerated gains after prices breached above resistance level, floor traders said.
Gold hit a high of $889.10 (U.S.
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| Market | Change | Value |
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