Gold rises 1 percent as equity rally runs out of steam

- July 9th, 2010

On Friday, Gold rose back above $1,210 an ounce on as a stock market rally showed signs of running out of steam, pointing to persistent jitters among investors, with buyers also attracted by the metal’s dip to six-week lows.

On Friday, Gold rose back above $1,210 an ounce on as a stock market rally showed signs of running out of steam, pointing to persistent jitters among investors, with buyers also attracted by the metal’s dip to six-week lows.

The press release is quoted as saying:

Spot gold touched a high of $1,211.10 an ounce and was bid at $1,207.25 an ounce at 1331 GMT, against $1,196.48 late in New York on Thursday. U.S. gold futures for August delivery firmed $11.20 to $1,207.30.

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