Gold trading was volatile yesterday, Friday, as safe haven buying pushed spot gold up to a new 16 month high at $717, before it later fell back to $707.4, slightly down on its Thursday close in New York, reported Reuters. Analysts pointed to profit-taking on the back of weak gold mining stocks and suggested the market had become over-stretched in recent days. [AMEInfo.com]



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Posted: 09|15|07 at 3:57 am. Filed under: News.