Business

Gold Climbs Above $1,250 On Economic Concerns

Reuters
Gold steadied off the two-month highs it hit earlier on Wednesday, when it broke above $1,250 an ounce for the first time since late June as concerns over the pace of U.S. economic growth prompted buying of the metal. Weakness in the dollar, which fell 1 percent against a basket of currencies as upbeat data from China and Australia lifted risk appetite, also helped lift precious metals prices.
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Posted by Editor at September 2, 2010 03:18 AM