Gold Price Hovers Near 7-Month Peak

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Gold hovered just below seven-month highs on Tuesday, recouping losses from the previous day, with oil prices and the dollar seen key to steering the precious metal back up above $700.

Gold hovered just below seven-month highs on Tuesday, recouping losses from the previous day, with oil prices and the dollar seen key to steering the precious metal back up above $700.

Investors are also taking another look at gold due to increased tensions in the Middle East, while price charts are sending out positive signals to funds who use such tools to trade...

Many analysts think gold needs to consolidate recent gains and maybe even retrace, before launching an attack on last July's peak at $676 and above.

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