Tue, 05 Jun 2012 07:23:20 GMT
Gold rose on easing hopes
Gold advanced in Asian session on Friday on hopes that negative US economic data will prompt policymakers to consider next round of quantitative easing. COMEX gold August contract traded at 1,622.85 US Dollars per troy ounce on the New York Mercantile Exchange, climbing by 0.55%. Meanwhile, COMEX silver for delivery in July traded at 28.388 US Dollars per troy ounce,