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| May 08, 2008 | Thursday | Jamadi-ul-Awwal 2, 1429 |
Gold weakens
LONDON, May 7: Gold eased on Wednesday as a rise in the dollar against the euro lowered the metal’s appeal as an alternative investment, but strong oil prices limited declines.
Spot bullion hit a high of $881.05 an ounce before slipping to $874.20/875.20 against $877.40/878.60 late in New York on Tuesday and a record high of $1,030.80 on March 17.
—Reuters
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