Dhaka, Bangladesh (BBN)- Gold prices increased over the last week, rising near all-time highs of around US$ 1,264 an ounce.
Initially prices were hurt on a rebounding stock market and optimism that the U.S. economy would not fall back into recession.
However, prices rebounded to reach two-month highs of US$ 1,262.25 an ounce on Wednesday as worries over Euro zone banks spread, according to reports.
A recovery in the stock markets and profit taking by investors pushed the bullion to hover below USD 1,260 level on Thursday.
BBN/SI/AD-13Sept10-11:52 am (BST)