Gold prices saw a bright day with investors buying bullion as the dollar weakened, and adding to that china kept interest rates steady and a US tax cut extension loomed. The dollar fell, partly on concern a tax cut extension could swell the Us. budget deficit, this gave gold a boost.
Bill O'Neill, partner of New Jersey-based commodities firm LOGIC Advisors said: "There is inflation coming through the roof when it came to the Chinese data."
Bill O'Neill, partner of New Jersey-based commodities firm LOGIC Advisors said: "There is inflation coming through the roof when it came to the Chinese data."