Gold Prices Increase Following EU Summit

Reuters reported that the price of gold was up after European leaders struck a deal at their recent summit.

As quoted in the market news:

Spot gold was up 2.9 percent at $1,595.26 an ounce by 12:07 p.m. EDT (1607 GMT), having hit a one-week high of $1,600 an ounce.

Click here to read the full Reuters report.