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Gold hovers near $1,620 per ounce; China stimulus hopes aid

Sunday, August 12, 2012

WN.com - World News
Latest headlines from WN Network
Gold hovers near $1,620 per ounce; China stimulus hopes aid
Aug 13th 2012, 02:17

SINGAPORE (Reuters) - Gold hovered near $1,620 an ounce on Monday, after gaining for a sixth straight day in the previous session as downbeat China economic data triggered expectations of more stimulus measures from the world's second-largest economy. FUNDAMENTALS Spot gold was little changed at $1,620.11 an ounce by 8.39 p.m. EDT, after posting a weekly rise of nearly 1...
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