Gold above $600/oz on slipping $, crude rally

Gold above $600/oz on slipping $, crude rally

Kedia Commodities / Mumbai October 30, 2006

Spot gold opened firm in the Asian market today, and crossed the psychologically-important level of $600/oz on fresh support from the decline of the dollar and strengthening of crude oil prices after the terrorist threat to Saudi Arabian installations.

Meanwhile, traders are watching out for the impact of North Korea