FXstreet.com (Barcelona) - The bullion is continuing today's upside rally as recent bidding set a new 5-month high at $1190.70. At the moment, the gold contract for June delivery is trading at $1188.60, up nearly $6 since opening.
Gold is again gaining on safe-haven demand as risk appetite fell off the table this morning taking stocks and commodities with it. Similar to recent sessions, fears of euro zone contagion is spreading through the markets pushing supposed safer assets including the US dollar and gold higher.
