Gold rises 1.2 pct to two-week highs on Greek bailout deal

Published on Tue, Feb 21, 2012 at 21:52 |  Source : Reuters

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(Reuters) - Gold rose more than 1 percent on Tuesday, on track for its biggest one-day gain in two weeks, as a European bailout deal to help Greece avoid bankruptcy boosted gold's appeal as a hedge against economic uncertainty.

Spot bullion was up 1.2 percent at $1,753.86 an ounce by 10:36 a.m. EST (1536 GMT), having earlier hit a two-week high of $1,755.50 an ounce.

(Reporting By Frank Tang; Editing by Lisa Shumaker)

  

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