Gold price accelerated higher on fragile economic recovery hopes
"There are mixed signals that the economy is recovering and some of the signs of recovery are relatively superficial as they show aggregate figures and not how medium and small enterprises continue to suffer," said Jeffrey Christian, managing partner of CPM Group.
Spot gold hit an all-time high of $2,069.21 per ounce and was up 0.8% at $2,055.87 at 2:10 p.m. EDT (1810 GMT). U.S. gold futures settled 1% higher at $2,069.40. Photo: Reuters