Gold prices were seen on a bright note
Gold prices were seen on a bright note as escalating concerns over debt in some euro zone economies prompted investors to buy both the metal and greenback as safe havens. Gold benefited as doubts about Ireland's ability to repay its debts spread.Gold tends to fall when the dollar rises, as this erodes the metal's appeal as an alternative investment, but in times of extreme risk aversion both assets can benefit.Donald Selkin, chief market strategist at National Securities Corp said: "Gold is resuming its role as a safe haven in times of crisis as the situations in Ireland and some European countries are getting worse. So, it has also been separating itself from the euro lately because of the safe-haven play."Gold prices for December delivery settled up $4 at $1,403.30 an ounce..
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