Gold rises as euro stabilizes; Europe worries continue

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Source: Reuters
As G8 leaders vowed to combat financial crisis, cash gold stepped up to USD 1,600 per ounce on Monday. Spot gold increased by 0.4 per cent to USD 1,598.79. However, concerns about Greece and debt crisis do not subside, because world's leaders did not offer any specific prescription on how to rescue the euro area. Therefore, some analysts, like Ed Meir of INTL FCStone, suspect that this gain is only temporary.
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Mon, 21 May 2012 14:31:50 GMT

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