Bloomberg News

Gold Futures Extend Gains as ECB’s Draghi Said to Hold Talks

July 27, 2012

Gold extended gains as two central bank officials said European Central Bank President Mario Draghi will hold talks with Bundesbank President Jens Weidmann in the coming days in an effort to overcome the biggest stumbling block to measures including bond purchases.

Gold futures for December delivery climbed 0.7 percent to $1,630.50 an ounce at 1:36 p.m. on the Comex in New York.

To contact the editor responsible for this story: Millie Munshi at mmunshi@bloomberg.net


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