22
June
Gold rises on bargain hunting; price off record
22 June 2010 Ninemsn
Gold gained on Tuesday after China's central bank raised the yuan's mid-point, spurring early buying in the euro that encouraged bargain hunting after bullion dropped sharply from a record high the previous day. Gold could still revisit $1,250 an ounce due to worries about the global economy, but an increase in risk appetite following China's move could cap gains. Silver and platinum group metals were higher, partly driven by firm base metals.
