Anticipated Higher Demand Boosts Gold Prices

Bloomberg reported that gold prices rose on expected higher physical demand.

As quoted in the market news:

February-delivery bullion advanced 1.7 percent to $1,635.20 an ounce by 7:55 a.m. on the Comex in New York. The most-active contract earlier today touched $1,638.80, the highest price since Dec. 21.

Click here to read the full Bloomberg report.