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Daily gold report: Monday 16th July

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By CoinLink on Monday, July 16, 2007
Filed Under: Gold & Silver Bullion

THE PRICE OF GOLD barely moved early Monday, trading in a $1 range before rising to break $668 per ounce as the US open drew near.

“Overall trading is not that great, and I don’t see buying interest from Indonesia,” said a bullion dealer in Singapore to Reuters. “Demand from Thailand is still OK because of the Thai baht.”

“Some people are buying gold because of a slight increase in oil prices,” another told the newswire from Hong Kong, “but the market has been stuck in a range in the last couple of days.

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