Gold Future Prices Advanced, Commodity Gold December Gain

Gold futures price advanced to a one-month high, extending the longest rally since August, as delays in resolving Europe’s debt crisis spurred demand for the precious metal as a protection of wealth.

Commodity gold for December delivery gained 1.4 percent to settle at $1,723.50 an ounce on the Comex in New York. The four-session rally is the longest since Aug. 22.

Category: Gold, gold commodity, gold demand, gold future, gold mining, gold price, precious metal