Gold rises above $1,100/oz
Investing News Network - March 15th, 2010
On Monday, Gold rose back above $1,100 an ounce in Europe as rising fears over sovereign debt after a Moody’s report. In addition a currency row between China and the United States prompted buying of the metal as a haven from risk.
On Monday, Gold rose back above $1,100 an ounce in Europe as rising fears over sovereign debt after a Moody’s report. In addition a currency row between China and the United States prompted buying of the metal as a haven from risk.
The press release is quoted as saying:
Spot gold was bid at $1,102.80 an ounce at 0923 GMT (4:23 a.m. ET), against $1,099.50 late in New York on Friday. U.S. gold futures for April delivery on the COMEX division of the New York Mercantile Exchange rose $1.10 to $1,102.80 an ounce.