gold

Gold buyers are very active in the first trading session
of 2012, supported by a firmer euro as investors from the Far East and western
Europe replace futures that had been sold for year-end reasons, says RBC Wealth
Management senior vice president George Gero. "We still look for a close over
$1,615/oz and improving open interest for lasting changes in the asset
allocations," he says, adding the market's sharp move higher will be vulnerable
to profit-taking should there be a lack of follow-through buying. Spot gold
+$25.32 at $1,589.74/oz.