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Latest Business News

Gold Prices Rise on Surging Euro

Friday, May 05, 2006 10:57:45 AM

A worker at the Royal Canadian Mint checks the quality of loonies after they are pressed in Winnipeg on Tuesday, May 2, 2006. The Canadian dollar cracked $.90 on Tuesday, setting a new 28-year high amid optimism for the economy and robust oil and gold prices. (AP PHOTO/CP, Marianne Helm)CHICAGO (AP) - Gold prices rose Friday, drawing support from a U.S. jobs report that sent the euro soaring to a one-year high.

June gold rose to $686.50 an ounce on the New York Mercantile Exchange moments after the monthly report on U.S. non-farm payrolls, stopping just shy of the fresh 25-year high of $687 hit in overnight trading.

In mid-morning trading, the contract was at $680.50 an ounce, up $4 from a day earlier.


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