By Anastvatz on 2007-06-05 
Gold steadied above $670 as a fall in the dollar against the euro increased the appeal of the metal as an alternative asset to the US currency.
"A slightly weaker dollar is supporting gold on June 5 although we're still rangebound. We need to get above $673-675 on the charts," said Richard England, a trader at Standard Bank
At 9.49 am, spot gold was quoted up at $671.30 an ounce against $670.80 in late New York trades yesterday, when the metal hit a three week high of $673.90. -Neftegaz.ru
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