Gold hit one-month highs

Gold hit one-month highs

(Reuters) – Gold hit one-month highs on Wednesday in its longest stretch of gains in over two months as investors sought the safety of bullion in the face of an uncertain outcome to a key EU summit and after a surprisingly poor read of U.S. consumer confidence.

Expectations of a comprehensive solution emerging from a second European Union summit in four days have diminished as officials wrangle over how to scale up the euro zone rescue fund and over how much of a loss private bondholders will take on Greek debt…

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