Gold rose

Market news

31 August 2012

Gold rose

Gold prices rose to the highest level since mid-April level after a speech by Fed Chairman Ben Bernanke, who has twisted the intention to take action to support the U.S. economy if needed.

Spot gold price reached during the bidding up to $ 1677.80 per troy ounce, the highest level since April 12.

September futures price of gold on the COMEX is now 1675.30 an ounce.

European stocks close:

European stocks closed in different ways: FTSE 100 5,709.21 -10.24 -0.18%, CAC 40 3,413.07 +33.96 +1.00%, DAX 6,970.79 +75.30 +1.09%

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