Gold rises 2% in rally after pledge to resolve crisis

GOLD rose 2% yesterday in a risk rally with equities and commodities, as the dollar tumbled after a renewed Franco-German pledge to introduce a plan to resolve the eurozone’s debilitating debt crisis.

Gold rises 2% in rally after pledge to resolve crisis
Tue, 11 Oct, 2011 - 01:00
Frank Tang and Jan Harvey (Reuters)

Trading volume of gold futures was extremely thin due to the US Columbus Day holiday.

Bullion notched its biggest one-day gain in a week, as US stock markets, oil and the euro surged.

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