Precious Metals

Sydney Morning Herald reported that US economic information and European debt pushed gold prices up.

Sydney Morning Herald reported that US economic information and European debt pushed gold prices up.

The market news is quoted as saying:

Gold futures for December delivery gained $US30.20, or 1.7 per cent, to settle at $US1,809.10 an ounce at 1:44 p.m. on the Comex in New York. The metal dropped 2 per cent yesterday as the dollar jumped against a basket of major currencies.

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