August

Gold rises to 1-week high as stocks drop

4 August 2010 Reuters

Gold prices broke above $1,200 an ounce in Europe on Wednesday, reaching their highest level in over two weeks.

Traders said fund buying combined with the price breaking through several key technical levels propelled gold up by more than 1.2 percent, which put it on track for its biggest daily gain in two months.

http://www.reuters.com/article/ousivMolt/idUSTRE66L3OF20100804

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Gold rises to 1-week high as stocks drop