17
March
PRECIOUS-Gold extends gains on dollar, near 1-week high
17 March 2010 Ninemsn
SINGAPORE, March 17 (Reuters) - Gold rose further on Wednesday, after having gained more than 1 percent the previous day as a U.S. Federal Reserve decision to hold interest rates unchanged burnished the metal's investment appeal.
FUNDAMENTALS
* Spot gold was at $1,126.50 an ounce by 0024 GMT, up $1.80 from New York's notional close on Tuesday, when it hit an intraday high of $1,128.45, its strongest since March 8.
* U.S. gold futures for April delivery rose $4.3 an ounce to $1,126.80 after gaining 1.5 percent in previous session on fund buying and a rally in oil prices.
