Monday, 5 September 2011

Gold rises to above $1,900 on euro zone debt worries

Gold rose on Monday, breaking back above $1,900 (U.S.) an ounce, as speculation grew that the United States may implement a further round of monetary easing after Friday’s weak payrolls data, and concerns over the euro zone debt crisis resurfaced.

Stock markets fell, with European bank shares sliding to a 29-month low, while the euro shed nearly 1 percent versus the dollar and oil prices slipped as investors sold assets seen as higher risk in favour of havens like gold and Bunds...

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