Wed, 25 Jul 2012 14:41:38 GMT
Gold Second Day Rise
On Wednesday, spot gold rose 0.2% to $1,583.69 per ounce, expanding gains to a second session. The latest reports showed that U.S. and Eurozone were still in a downturn in July, which had advanced interest for gold. Gold is seen as "inflation hedge", excessive cash printing by central banks directly benefits its sales.