Wednesday, December 7, 2011

Gold rises but ....

[ Reuters ] 7 Dec

Gold edged higher Wednesday, driven by a pickup in the euro and by a rise in exchange-traded fund holdings to record highs, although caution ahead of a crucial European Union summit this week will likely limit gains in the bullion price.

Spot gold rose 0.5 percent to $1,735.74 an ounce by 1459 GMT, set for a second consecutive day of gains.

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