Gold hits four-month high on Spanish aid negotiation report

MARKET-GOLD-SPAIN:Gold hits four-month high on Spanish aid negotiation report

 

REUTERS - Gold rose over 1 percent to a four-month high on Thursday, extending gains after sources told Reuters that Spain was negotiating with euro zone officials over conditions for international aid to bring down its borrowing costs.

Spot gold was up 1.1 percent at $1,671.90 an ounce by 10:59 a.m. EDT (1459 GMT), having earlier hit $1,674.30, its highest price since April 13.