Gold inches up as dollar retreats against euro
October 26, 2009 by goldguru · Leave a Comment
Gold inched up towards $1 060 on Monday as the dollar fell to a 14-month low against the euro, but weak physical demand capped the upside for bullion.
After hitting record highs above $1 070 per ounce on October 14, gold prices have traded in a narrow range, centering around $1 060, with support near $1 040.
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