Gold rises as dollar weakens

From The Globe and Mail :

"Spot gold was bid at $1,159.15 an ounce at 0927 GMT, against $1,150.15 late in New York on Tuesday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange rose $6.70 to $1,160.10 an ounce.

Gold's rise to four-month highs at the beginning of the week on the back of the euro's recovery versus the U.S. dollar has shored up the technical picture for gold, analysts said."

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