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Gold posts modest gains

Nov. 29, 2012 at 10:22 PM

NEW YORK, Nov. 29 (UPI) -- Gold prices rose modestly on the Comex division of the New York Mercantile Exchange Thursday as equities moved higher for a second consecutive day.

Equities took away some support for gold, but metals moved higher on a report that suggested the U.S. Federal Reserve would continue bond purchases in 2013.

Gold ended the session $7.30 higher at $1,728.30 per troy ounce. Silver added 49 cents to reach $34.25.

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