Gold tops $1,200 as safe haven demand returns

LONDON (BestGrowthStock) – Gold rose to a session high above $1,200 an ounce on Tuesday as persistent worries over sovereign debt brought in some safe-haven demand for the precious metal.

Spot gold was bid at $1,197.95 an ounce at 1415 GMT, against $1,190.05 late in New York on Monday, having earlier hit a session high of $1,200.05.

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(Reporting by Maytaal Angel; Editing by Sue Thomas)

Gold tops $1,200 as safe haven demand returns