FXstreet.com (Córdoba) - The yellow metal rose to a fresh weekly high during the New York session after the Spanish government announced its 2013 budget. Even though the initial reaction was a little bit pessimistic, risk appetite improved after Spain said its budget meets or exceeds to targets of the EU.
Gold futures rose to above $1777 an ounce before easing a tad. At time of writing, the metal is trading around $1773/oz, recording a 1.2% gain on the day.
Gold futures rose to above $1777 an ounce before easing a tad. At time of writing, the metal is trading around $1773/oz, recording a 1.2% gain on the day.
