Dollar weakness puts sparkle on gold

THE gold price rose slightly yesterday and was poised to post its best quarterly performance since the first quarter of 2008, helped by dollar weakness and technical momentum.

THE gold price rose slightly yesterday and was poised to post its best quarterly performance since the first quarter of 2008, helped by dollar weakness and technical momentum.

Spot gold stood at $991,95 per an ounce, up 0,1percent against the notional close in New York of $990,70.

Gold is set to rise about 7percent in the July-September quarter, its strongest performance since it rose 9,9percent in the January-March in 2008.

The world's biggest stock markets, meanwhile, will likely stutter to the end of the year.

Quarterly surveys of over 180 equity strategists globally showed leading stock markets in New York, Tokyo and London would all end the year around current levels after clocking huge double digit gains since dismal lows in March. - Reuters

X