Gold Set to Rise as Italy Falls

Gold is expected to rise today in Asian trade after EU boss Herman Van Rompuy called for an emergency meeting of top dogs to deal with the prospect of the EU’s third largest member falling victim to the spreading debt crisis.

Inside the News: European shares fall on Italy debt concerns

Gold for immediate delivery was traded at $1544.07 an ounce in Singapore while U.S. gold for August delivery was at $ 1541.64 an ounce on the Comex division of Nymex, according to Commodity Online.

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