USD 63.9542

-0.06

EUR 71.1299

+0.23

BRENT 59.29

-0.01

AI-92 42.27

0

AI-95 46.03

0

AI-98 51.79

-0.04

Diesel 46.19

+0.03

16

Gold Prices Stable on Weak Dollar

Gold steadied above $670 as a fall in the dollar against the euro increased the appeal of the metal

Gold steadied above $670 as a fall in the dollar against the euro increased the appeal of the metal as an alternative asset to the US currency

"A slightly weaker dollar is supporting gold today although we're still rangebound. We need to get above $673-675 on the charts," said Richard England, a trader at Standard Bank

At 9.49 am, spot gold was quoted up at $671.30 an ounce against $670.80 in late New York trades yesterday, when the metal hit a three week high of $673.90.