Tue, 22 Jan 2013 08:48:06 GMT
Gold rises on BOJ inflation target and asset purchases
Gold advanced to the highest level in one month as Japan's central bank set a 2% inflation goal and considered the Fed's style unlimited asset purchases in order to end deflation. Spot gold rose 0.3% to $1,694.25 an ounce and was at $1,693.90 as of 12:56 p.m. Singapore time, while gold for February settlement increased 0.4% to $1,693.10.