Gold Touches 2-Week Highs after Central Banks Step In
Investing News Network - December 1st, 2011
Reuters reported that an effort by banks to prevent a meltdown of financial markets caused gold prices to rise.
Reuters reported that an effort by banks to prevent a meltdown of financial markets caused gold prices to rise.
As quoted in the market news:
Gold was last flat on the day at $1,745.54 an ounce by 1544 GMT, having risen to a session peak of $1,754 earlier, its highest since November 17. Gold rose 1.9 percent in November, clocking up a seventh month of gains so far in 2011, but was still 9 percent below September’s lifetime high at $1,920.30.