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News // Metal market

Gold Gained $4

29 July 2008 , 10:26595
Gold rose above $930 as weak stock markets encouraged some speculators to shift some of their money back to bullion.

Other precious metals also gained, but investors were careful about buying too much ahead of the release of US economic reports which give clues on future monetary policy by the Federal Reserve.

Gold rose to $932.20/933.20 an ounce from $928.45/929.65 late in New York on Monday, when it rose more than $1 as oil advanced after the main militant group in Nigeria's Delta region said it had attacked two Royal Dutch Shell pipelines.

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