Gold Posts Biggest Gain in 6 Weeks on Europe Hopes

Reuters reported that gold rallied today, rising the most in six weeks.

As quoted in the market news:

Spot gold was up 0.9 percent at $1,680.39 an ounce by 2:29 p.m. EDT. The metal rose 2.5 percent for the week for a second weekly gain. The S&P 500 was on track to rise over 5 percent, while the dollar index DXY lost almost 3 percent. U.S. gold futures for December delivery settled up $14.50 at $1,683 an ounce.