Gold prices rose to high

[gnutrade.satya]

Gold prices rose to high as safe-haven buying prompted by renewed budget problems in Ireland more than offset a sharp dollar bounce.
Michael Daly, gold specialist at futures broker PFGBest s"The bond situation in Ireland was worse than expected, so investors looked to move money into a safe haven, which is gold. People have gotten to the point that they have lost confidence in fiat currencies and they are choosing gold as their currency of choice."Gold prices for December delivery settled up $5.50 at $1,403.20.

[peter2010]

Its very bad to hike in the gold rates, it could be profitable for investing money.