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Blog Archive ? Gold rises high as physical demand emerges

-- expats
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01/11/12 15:07
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Blog Archive ? Gold rises high as physical demand emerges

Thank author of this post/comment11-Jan (Reuters via MineWeb) - Gold rallied for a second day on Wednesday, hitting its highest in a month after a stronger euro helped boost the price above a key technical level and evidence of strong demand from major consuming nations further supported the market. Gold has risen by 1.5 percent so far this week, in line with a modest pick-up in the euro, which is battling against fresh concerns about the ability of several euro zone nations to fund themselves given sovereign debt yields. .

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• concerns • nations • boost • demand • physical • sell off • gold price • sovereign debt • euro zone •
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