Monday, July 23, 2007

Gold price volatility fell, averaged $667/oz in Q2

(Reuters) - Price volatility of gold declined in the second quarter, as a weakening dollar boosted bullion's average price 3 percent to about $667 per ounce, the World Gold Council said in a report on Monday.

A quarterly investment digest compiled by the industry-sponsored WGC cited large above-ground stocks and geographical diversity of production and reserves for gold's lower volatility.


Read more at Reuters Africa

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