London (Platts)--25Jun2007

Gold pulled back in London morning trade Monday and was expected to
remain suppressed this week due to interest rate speculation.
     Spot bullion was indicated at $650.85-651.50/oz at 0922 GMT, pulling back
from its late New York spot price on Friday at $653.60/oz and also down from
its Friday afternoon fix at $652.85/oz.
     Bulliondesk.com analyst James Moore said interest rate speculation was
likely to suppress the gold price this week, although a surge in oil or bout
of dollar weakness would "no doubt trigger buying interest." "For now gold
looks set to spend more time working in a broad band between the 200-day MA
($641.15) and the 100-day MA ($665.45) with additional support pegged at
$650/648/643," he said.
     Meanwhile, in the currency market, the euro was at $1.3451 at 0925 GMT
Monday, up slightly from $1.3431 at 1500 GMT on Friday. The yen was at Yen
123.52 on Monday morning gaining against the dollar from Yen 124.06 on Friday.