Gold Rallies in New York to Highest Levels Yet this Month

Bloomberg reported that gold rallied to the highest levels seen in yet in August on Monday in New York,  with an up swing in purchasing activity.

As quoted in the market report:

Gold for December delivery rose as much as 1.6 percent to $1,333 an ounce, the highest since July 31, and was at $1,325.60 by 7:42 a.m. on the Comex in New York. Futures trading volume was 8.2 percent below the average for the past 100 days for this time of day, according to data compiled by Bloomberg. Gold for immediate delivery in London gained 0.9 percent to $1,326.38.

To view the whole Bloomberg report, click here.