Euro Economic Information Boosts Gold

Reuters reported that gold prices rose on news the European economy may be stabilizing.

As quoted in the market news:

Spot gold was up 1 percent at $1,658.19 an ounce at 1444 GMT, having earlier touched a one-month high at $1,659.66. U.S. gold futures for February delivery were up $19.70 an ounce at $1,659.20.

Click here to read the full Reuters report.