Gold prices rise to two-month highs

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)

No Subscription? You Are Missing Out!

Join the business leaders of Bangladesh who rely on BBN's original reporting and in-depth analysis on business scenario of the country. We send only one daily email. No Spam Guaranteed!

Your Name (optional)

Your Email (Required) *

Subscribe

Please check your email and confirm your subscription