Gold prices saw a bright day

[gnutrade.satya]

Gold prices saw a bright day as lingering concerns over the fiscal health of the euro zone helped to restore the precious metal's flight-to-quality status. Bill O'Neill, managing partner with LOGIC Advisors said: "You have flight-to-quality buying today. The yen gained on the euro, the dollar gained on the euro, gold is up, and treasury yields are down again, so today is definitely a return to the flight to quality."
The June contract for gold was at $1,194 an ounce, $17.90 percent higher.