Gold rose to a six-month high

Market news

6 September 2012

Gold rose to a six-month high

Gold prices updated annual maximum amid comments Draghi. The ECB left interest rates unchanged at 0.75 per cent per annum, and its president, Mario Draghi said on the program of purchasing sovereign bonds to lower borrowing costs of troubled countries in the eurozone.

September futures price of gold on COMEX rose to 1712.14 dollars an ounce and is now 1703.00 an ounce.

European stocks closed in plus: FTSE 100 5,777.34 +119.48 +2.11%, CAC 40 3,509.88 +104.09 +3.06%, DAX 7,167.33 +202.64 +2.91%

U.S.: Crude Oil Inventories, -7.4

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