USD 73.6376

0

EUR 87.1722

0

BRENT 44.66

0

AI-92 43.34

0

AI-95 47.6

0

AI-98 53.05

+0.01

Diesel 47.9

0

79

US Gold Recovered

US gold futures leaped back from two-week lows on Wednesday

US gold futures leaped back from two-week lows on Wednesday, buoyed by local short covering and light speculative buying sparked by the sharp early downturn in the U.S. dollar.

June delivery gold was up $2.30 at $430 an ounce, after sticking to a range between $427.60 and $430.90 on the New York Mercantile Exchange's Comex division.

Dealers were tracking moves in the dollar and crude oil as gold prices consolidated around $430 an ounce, following the Federal Reserve's interest rate increase yesterday.

"We've had some liquidation in the last few days and we had a large drop in open interest, so maybe the market's feeling a little reassured that some of the longs have exited," said Tom Boustead, a metals analyst at Refco.