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Gold extends gains on EU debt hopes

Last Updated: Tuesday, October 11, 2011, 10:35

Spot gold prices edged higher on Tuesday, building on a rally of more than 2 percent in the previous session, as optimism on resolving euro zone's debt crisis lifted mood in commodities and equities.

Gold ticks higher; heads for worst month since Oct '08

Last Updated: Friday, September 30, 2011, 13:32

Gold jumped more than 1 percent on Friday after Germany approved the expansion of the euro zone bailout fund, offering temporary relief to investors, but the precious metal was heading for its worst monthly decline in three years.