Posted AT 8:31 AM EST on 24/07/08
Gold creeps higher on bargain hunting
LONDON — Gold rose slightly on Thursday from a two-week low that attracted bargain hunters, though a firming dollar and falling oil prices posed downside risks.
Gold rose to $927.30/928.30 (U.S.) an ounce at 1000 GMT from $921.35/922.95 late in New York on Wednesday. Earlier in the session the precious metal hit an intraday low of $916.40 – its weakest since July 9.
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