Thursday 18 August 2011

Gold edges up on growth fear; defies firm dollar

SINGAPORE: Gold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar.


Reflecting the anxiety in financial markets, safe haven currency the Swiss franc rose versus the euro and may test a record high in the days ahead after the Swiss National Bank's latest steps to curb its strength were seen as too timid.


The dollar index rose 0.3 percent, after dropping to a three-week low in the previous session.


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