Gold up 6%in 2012 after last-gasp rally on US fiscal deal

Gold jumped on the last trading day of 2012 to finish up 6 percent on the year after news of a potential US fiscal deal drove a market that rallied in earlier months on low interest rates, euro zone woes and central bank demand for bullion.

January 01, 2013 / 10:04 IST

Gold jumped on the last trading day of 2012 to finish up 6 percent on the year after news of a potential US fiscal deal drove a market that rallied in earlier months on low interest rates, euro zone woes and central bank demand for bullion.

US gold futures most-active contract settled at USD 1,675.80 an ounce, up 1.2 percent for the session and 6.1 percent for the year.

first published: Jan 1, 2013 04:10 am

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