Gold climbs as risk aversion persists

On Monday, Gold rose more than 1 percent in Europe, recovering some of last week’s losses, as lower prices tempted buyers back to the market amid lingering concerns over the fiscal health of the euro zone.

The press release is quoted as saying:

Spot gold was bid at $1,191.05 an ounce at 1529 GMT, against $1,175.15 late in New York on Friday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange rose $11.60 to $1,187.30 an ounce.

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