LONDON - Gold rose nearly one per cent towards $US1,185 ($A1307.51) an ounce in Europe and hit record highs in euros, sterling and Swiss francs as investors worried Greece's debt problems could spread elsewhere in the euro zone.
Gold is becoming increasingly attractive as a hedge against sovereign risk and the resulting volatility in the foreign exchange markets, analysts said. Elsewhere, platinum climbed three per cent as lower prices tempted funds back to the metal.
