Posts Tagged ‘york-on-tuesday’

Gold for December delivery rose 2.6% or $46.50 to $1,838.20 an ounce in New York on Tuesday, making up some of the ground the precious metal had lost since coming close to $1,900 last week. An inflation hedge, bullion is up nearly 30% so far this year as cheap money floods markets thanks to the US Federal Reserve's loose policy. Full story

For latest market report, see PRICES * Spot gold XAU= was at $1,491.12 an ounce at 0624 GMT compared with $1,484.85 late in New York on Tuesday. Full story

Gold futures hit an all-time closing high at $1,245 an ounce in New York on Tuesday amid increasing concerns over the European debt problem. Full story

An uptick in the U.S. dollar capped gains, however Full story