Gold News

Gold prices rose as signs of an economic recovery boosted demand for commodities and as some investors sought an alternative to holding euros on concern that Greek budget deficits may widen

Gold climbs on a commodity rally as demand in China increases

Gold prices rose as signs of an economic recovery boosted demand for commodities and as some investors sought an alternative to holding euros on concern that Greek budget deficits may widen. Gold advanced 24 percent last year, a ninth consecutive annual gain, as governments cut interest rates and committed trillions of dollars to prop up economies, while central banks in nations including India and China bought bullion. Gold futures are little changed this year. Gold is trading at $1,081 as of 11:05am, GMT with a bullish trend.