Gold price gains on weaker dollar, with eyes on inflation data
Spot gold was up 0.8% at $1,980.46 per ounce by 3:25 p.m. EDT, near a one-week high.
Miners Xstrata Copper and Highlands Pacific have delayed the completion of the feasibility study for the Frieda River joint venture copper/gold project, in Papua New Guinea, by 11 months. Xstrata was initially schedule to deliver the study in January 2012, to maintain its 81.82 percent shareholding in the project.
