Sauress : Gold climbs on debt optimism

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Gold climbs on debt optimism

Reuters Published in The Saudi Gazette on 08 - 03 - 2012

Gold prices rose Wednesday, snapping a three-day losing streak, as better prospects for Greece's debt deal and the US jobs market boosted risk appetite.
Spot gold was up 0.6 percent at $1,683.89 an ounce by 2:03 p.m. EST (1903 GMT).
US gold futures for April delivery settled up $11.80 an ounce to $1,683.90, with trading volume sharply lower than the previous day. Silver gained 1.5 percent at $33.39 an ounce. On Tuesday, it dropped more than 4 percent.
Platinum added 1 percent at $1,625.42 an ounce and palladium rose 2.7 percent to $681.97 an ounce.

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