Gold prices up in global market

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)  

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