Gold Rises After Chinese Rate Hike
Investing News Network - December 27th, 2010
ABC News reports that Gold for February delivery rose $2.40 to settle at $1,382.90 an ounce.
ABC News reports that Gold for February delivery rose $2.40 to settle at $1,382.90 an ounce.
The market news is quoted as saying:
On Saturday, the Chinese government announced that the benchmark one-year lending rate will climb. Many expected the move could dampen gold prices by easing inflation fears.