SAN FRANCISCO (AFX) -- June gold fell to a low of $643.50 an ounce in New York, its lowest level in three weeks and appeared set to suffer their fourth-straight loss with the U.S. dollar showing some strength. Prices were last down $9.50, or 1.4%, at $648 an ounce. 'Despite some speculating the bull-run for gold is over in my view there are still far too many factors in favor of being long gold, with $850 remaining a realistic target for later in the year as investment demand continues to swell prices,' James Moore, an analyst at TheBullionDesk.com said in a note to clients. This story was supplied by MarketWatch. For further information see www.marketwatch.com.
© 2006 AFX News
