2
December
Gold Gains as European Debt Concern, Korean Tensions Increase Haven Demand
2 December 2010 Bloomberg.com
Gold gained for a fourth day, trading near the highest in almost three weeks, amid lingering military tensions on the Korean peninsula and after China’s imports of the precious metal surged almost fivefold.
Immediate-delivery gold rose 0.4 percent to $1,393.50 an ounce at 5:30 p.m. in Tokyo after yesterday touching $1,397.50, the highest price since Nov. 12. Bullion has gained 27 percent this year, reaching a record $1,424.60 an ounce on Nov. 9.
