Gold rises two per cent
Gold rose two per cent on Friday after days of liquidation pushed bullion down from record highs this week, as the US Federal Reserve chairman raised hopes that the central bank could consider further stimulus measures to fight high unemployment.
Gold rose nearly 1 per cent towards $1,185 an ounce in Europe on Thursday and hit record highs in euros, sterling and Swiss francs as investors worried Greece's debt problems could spread elsewhere in the euro zone.