Wednesday, 30 May 2007

Gold firm, but investors cautious ahead of U.S. data

(Reuters) - Spot gold was at 0955 GMT up at $656.50/657.45 a troy ounce from $655.95/656.45 an ounce late in New York on Tuesday. The metal earlier hit a session high of $658.80, more than $7 above last Thursday's nine-week low of $651.30.




Minutes from the Federal Reserve's May 9 meeting are due later on Wednesday. Investors will be watching Thursday's first quarter gross domestic product growth numbers and Friday's non-farm payrolls data -- a key gauge of the economic health.


Read more at Reuters.com Hot Stocks News

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