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It rose for the third successive day, with Bloomberg reporting bullion for immediate delivery advanced by up to 0.7 per cent - or $9.78 (£6.26) - to $1,395.80 an ounce.
And futures trading prices also rose, with spread betting tips potentially pointing to the precious metal for delivery in February, after it rose 0.7 per cent to $1,396.40 on New York stock markets.
Bernard Sin, head of currency and metal trading at bullion refiner MKS Finance, said there are "too many complications in the euro zone and the US", adding: "People are long gold and probably will keep their long positions into the New Year."
Another development that may affect spread betting tips is the news AngloGold Ashanti is planning to dig the deepest mine ever seen in South Africa, hoping to reverse falling production and stoppages after output fell to its lowest in 100 years.
Posted by Greg Secker
