Gold Trades Higher on Euro Zone Optimism

MarketWatch reported that renewed optimism that the European debt crisis will be resolved spurred gold to a rally.

As quoted in the market news:

Gold for December delivery rose $26.80, or 1.6%, to $1,712.70 an ounce on the Comex division of the New York Mercantile Exchange.

Click here to read the full MarketWatch report.