High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft to buy additional rights. ft/intl/cms/s/0/f2d26700-f2e2-11e2-802f-00144feabdc0.html?ftcamp=published_links/rss/markets_commodities/feed//product#ixzz2Zo4Avrk1 Gold jumped more than $30 a troy ounce to hit a one-month high as investors in the precious metal continued to take heart from signals from Ben Bernanke, the Federal Reserve chairman, that any retreat from monetary stimulus will be gradual. The precious metal made steady gains all session and hit a high of $1,329.60 as the dollar weakened, making gold more affordable to non-dollar buyers. Treasury yields also inched lower, reducing the opportunity cost of holding gold.
Posted on: Mon, 22 Jul 2013 20:02:33 +0000
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