Posted AT 4:39 PM EST on 29/07/08
Gold steadies, supported by oil
NEW YORK, LONDON — Gold ended 1 per cent lower Wednesday as the dollar climbed, oil prices fell and U.S. stocks rose, denting the precious metal's appeal.
Gold was at $918.80/920.30 (U.S.) by New York's last quote, down from $928.45/929.65 late in New York Monday.
Gold's decline was “pretty much forex related, and oil is coming down,” said senior Commerzbank trader Michael Kempinski.
The full text of this article has 445 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -30.85 | 8,296.96 |
| DJIA | +172.60 | 8,591.69 |
| S&P 500 | +21.93 | 870.74 |
| Nasdaq | +42.58 | 1,492.38 |
| Stock Profile | Sponsored by: |
|---|---|
 |
Video:
|
Technology 
- Finding the perfect gadget
- Need a present for mom, dad, son, daughter, friend, colleague?
MOST POPULAR
Most Popular
| Rank | Headline |
|---|---|
| 1. | Canadians get higher severance pay: study 5:02 PM
|
| 2. | UAW willing to change contracts 3:56 PM
|
| 3. | U.S. economic gloom deepening: Fed 2:17 PM
|
| 4. | Recession threat weighs on housing markets 2:27 PM
|
| 5. | Jarislowsky blames extreme greed for economic crisis 2:04 PM
|
| 6. | Enbridge raises outlook, boosts dividend 1:19 PM
|
| 7. | Joe Clark on government minorities and corporate responsibility 7:17 AM
|
| 8. | RIM bids $66-million for Certicom 11:12 AM
|
| 9. | Loonie lingers under 80 cents 12:53 PM
|
| 10. | Oil stuck at three-year lows 3:34 PM
|
Adhocracy
- Diesel Makes a Meat Puppet
- Plus: Christmas gifts + men = doghouse
CSR: Executive action
- Sowing the seeds of corporate compassion
- Unique program gives CEOs a first-hand look at the work of social agencies, with the hope that corporate commitment will follow
2
The Law page
- Did BCE wimp out?
- Jon Huntsman can teach a thing or two about takeover contracts
ROB Magazine
- Ted Rogers's last interview
- The cable baron talked to Jennifer Wells about "moving toward stopping"
Nobody's Business
- Cogeco chief loses renovation altercation
- Plus: Friedland flogs house
The Breakthrough
- Zenn and the art of electric car maintenance
- The breakdown of his beloved 1959 French electric car led to Toronto auto maker's 'aha! moment' and a $5-million investment in a small U.S. battery company
JOHN HEINZLLooks are deceiving; stocks may not be such a bargain
NEIL REYNOLDSFollowing Obama down the wrong path
FABRICE TAYLOROpportunity knocks with low price of oil
MARCUS GEEBusiness 'not deterred' by Mumbai attacks