Tue, 04 Sep 2012 19:07:26 GMT
Gold gains on stimulus expectations
Gold, selling close to a five-month high, advanced in New York after economic reports adding signs central banks may create further stimulus fueled demand. On Tuesday, December-delivery gold surged 0.3% to $1,692.10 per ounce in New York. Prices touched $1,669.60, the strongest since March 27. Gold for immediate delivery slid 0.1% to $1,689.50 per ounce in London.