Posted AT 4:17 PM EST on 29/08/08
Gold ends lower on oil retreat
NEW YORK/LONDON — Gold ended slightly lower Friday, erasing gains after an initial oil rally on storm fears gave way to profit-taking, but strong jewellery demand should support prices.
Spot gold was at $830.35/832.35 (U.S.) by New York's last quote, down from $831.45/832.65 late in New York on Thursday, when it rose as high as $838.30 an ounce, nearing $844, its highest level since Aug. 11.
The U.S.
The full text of this article has 463 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
