Tue, 01 May 2012 09:30:46 GMT
Gold rallies on pessimistic news from the EU and US
Gold futures increased during Asian trade on Tuesday amid disappointing reports that Spain is falling back into crisis coupled with poor manufacturing performance in the US. COMEX gold June contract traded at 1,669.95 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.17% since opening.