Gold News & Info

Source: Marketwatch

San Francisco— Gold futures rose Tuesday as investors wrestled with Europe�s sovereign-debt crisis and the previous session�s steep losses enticed investors back to the metal. Gold for December delivery added $18, or 1%, to $1,831.80 an ounce on the Comex division of the New York Mercantile Exchange. The contract had traded as high as $1,838.90 an ounce and as low as $1,794.80 an ounce. Gold lost 2.5% on Monday as investors sold out of the metal in order to raise cash on mounting worries about Europe�s debt crisis.

Some investors �judged the selloff overdone,� said Jeffrey Christian, managing director of CPM Group in New York. A moderately weaker dollar has helped as well, he added. Interest in commodities and equities ticked higher late Monday after reports that China was considering buying Italian bonds. See full story.