Gold Tops $1,600 on Spain Loan, Then Sinks

TheStreet reported that the rescue loan granted to Spain by the leaders of European countries helped gold rise, but only slightly.

As quoted in the market news:

Gold for August delivery topped $1,600 an ounce early Monday but ended at $1,596.80 an ounce, which was a gain of $5.40 from Friday’s closing price.

Click here to read the full TheStreet report.