Gold edges up on Greece bailout hopes
2/17/2012 12:43:36 PM
SINGAPORE: Gold prices rose on Friday as optimism that Greece may soon secure an urgently needed bailout buoyed financial markets and helped bullion recover from a one-week low hit in the previous session.
Gold has moved in the range between $1,700 and $1,760 since the beginning of the month, closely tracking the progress and setbacks in Greece's struggle to obtain a 130-billion euro bailout from its international lenders.
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