New York, April 30: Gold climbed to a four- month high here today as a drop in the value of the dollar spurred demand and some investors bought the metal as a haven from possible losses in the credit markets.
Gold futures for June delivery advanced USD 6.70, or 0.6 per cent to USD 1,175.50 an ounce on the Comex in New York, after touching USD 1,178.50, the highest price since December 4.
Assets in the SPDR Gold Trust, the biggest investment fund that buys bullion, jumped the most in a year this week.
The dollar fell for a third day against the euro after European Commission President Jose Barroso said he?s confident a rescue package for Greece will be done ?in days.?
Prices of the metal are up 5.
–Agencies