Gold rises from the lowest level in two weeks as the dollar fell

Gold rises from the lowest level in two weeks as the dollar fell

GMT 11:15:00 2009 Friday, September 25th

(Reuters)
LONDON: Gold rose on Friday, after a meeting yesterday at the previous lowest level in two weeks, after the dollar's decline boosted demand for the precious metal as a hedge.

At 06:40 hours GMT, gold was trading in online transactions at 996.55 dollars an ounce, compared with 993.75 dollars in late New York trade Thursday.

Silver rose to 16.20 dollars an ounce from 16.18 dollars. The price of platinum 1292 USD 1297.50 dollars. And palladium was trading at $ 291 from 291.50 dollars.

Dollar dips below 90 yen to 7-1/2 month low

Dollar dips below 90 yen to 7-1/2 month low

Fri Sep 25, 2009 3:50pm


LONDON, Sept 25 (Reuters) - The dollar fell below 90 yen to a 7-1/2 month low on Friday as traders bet Japanese authorities would not take action to stem the yen's rise against a broadly weak U.S. currency. The dollar dipped to 89.98 yen, according to electronic trading platform EBS, its lowest since mid February, and down more than 1 percent on the day.

The yen rose sharply against other currencies while the trade weighted value of the U.S. dollar was down about 0.5 percent on the day.

from : in.reuters.com