Gold Rises for Third Session in a Row

CNBC reported that despite early losses, physical bullion buying and uncertainty about the Eurozone ultimately helped gold rise for a third straight session.

As quoted in the market news:

Spot gold rose 0.6 percent to $1,605.10 an ounce by 2:32 p.m. EDT (1832 GMT), its biggest one-day gain since June 1.

U.S. gold futures for August delivery settled up $17 an ounce at $1,613.80, with trading volume about 40 percent below its 30-day average, preliminary Reuters data showed.

Click here to read the full CNBC report.