Comex gold futures closed at a three-week high on weaker US dollar
Comex gold futures closed at a three-week high on weaker US dollar, which failed to hold its position from two days of congressional testimony by U.S. Federal Reserve Chief Alan Greenspan, dealers said.
Gold futures for the delivery in April rose $1.70 at $428.60 an ounce on the New York Mercantile Exchange's COMEX division, the highest close since Jan. 26, after trading from $425.50 to $429.80.
Gold prices picked up as the US currency, however, gold held below a key chart point as traders waited to see if the dollar will extend its gaining from the last week.
The euro was at $1.3084 , from $1.3030 late on Wednesday.
Spot gold rose to $427.10/7.80 in comparison with Wednesday's New York close at $425.50/6.20.