Dhaka, Bangladesh (BBN)- Gold prices rose on Tuesday after the rating downgrade of Greece reignited fears of a worsening fiscal crisis and increased safe-haven buying of gold.
Gold price for August delivery rose by US$ 9.90 to settle at $ 1,234.40 per ounce at the Comex division of the New York Mercantile Exchange on Tuesday.
On the other hand, Crude oil traded near a one-month high in New York as gains in U.S. equities restored confidence that fuel demand will increase.
BBN/SS/SI/AD-16June10-12:47 pm (BST)