US gold up as dollar falls, $700/oz within range

Newswire

NEW YORK, Feb 26 (Reuters) - U.S. gold futures rose early on Monday as the combination of a weaker dollar, firmer oil and buying on dips pushed the precious metal within range of $700 an ounce, a key psychological mark. At 10:22 a.m. EST (1522 GMT), most-active gold for April delivery on the COMEX division of the New York Mercantile Exchange was up $1.80 at $688.50 an ounce, trading between $684.60 and $691.80, near its seven-month high. A New York precious metals dealer said that gold ...

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