NEW YORK/LONDON (Reuters) – Gold prices rose nearly 2 percent on Tuesday, as risk-averse investors bought the precious metal on concerns about the Chinese economic outlook and renewed worries about the Greek debt crisis.

Spot gold was bid at $1,511.05 an ounce at 1:23 p.m. EDT (1723 GMT), against $1,495.54 late in New York on Monday. U.S. gold futures for August delivery were up $29.50 an ounce to $1,512.10, a 1.99 percent increase.

NEW YORK/LONDON (Reuters) – Gold prices rose nearly 2 percent on Tuesday, as risk-averse investors bought the precious metal on concerns about the Chinese economic outlook and renewed worries about the Greek debt crisis.

Spot gold was bid at $1,511.05 an ounce at 1:23 p.m. EDT (1723 GMT), against $1,495.54 late in New York on Monday. U.S. gold futures for August delivery were up $29.50 an ounce to $1,512.10, a 1.99 percent increase.

NEW YORK, June 7 (Reuters) – Alcoa Inc. (AA.N: Quote, Profile, Research, Stock Buzz) Chief
Executive Klaus Kleinfeld said on Tuesday that no one is
happier to see copper prices climbing than he is, because that
meant substitutions into aluminum would increase.

Speaking at The Aluminum Summit hosted by AMM, the head of
the largest U.S. aluminum producer said: “I’m happy that the
copper price has gone up. Every time it rises, those people who
use copper are calling us, because they want to replace copper
with aluminum.”

NEW YORK/LONDON (Reuters) – Gold held onto modest gains on Friday after jumping to a two-day high when the dollar tumbled after a soft monthly labor report showed the U.S. economy created far fewer jobs than expected in May.

Spot gold rose to a two-day peak of $1,546.39 a troy ounce, then pulled back to $1,541.44 by 11:38 EDT (1538 GMT), still up from $1,532.55 an ounce late in New York on Thursday.

NEW YORK/LONDON (Reuters) – Gold rebounded from negative levels on Wednesday on safe-haven buying, after U.S. manufacturing data for May came in well below forecasts and below the robust April reading.

The worrisome data from the Institute for Supply Management followed an early report on U.S. private-sector jobs, which cast doubt on the health of the world’s largest economy and undermined the dollar.

NEW YORK/LONDON (Reuters) – Gold dipped slightly in quiet trade after touching its highest in nearly four weeks on Tuesday, as a report that Germany could smooth the way for Greece to get a bailout prompted investment in riskier assets.

The Wall Street Journal said Germany was considering dropping its push for an early rescheduling of Greek bonds in order to facilitate a new package of aid loans to prevent Athens from defaulting on its debt. [nL3E7GU21K]

NEW YORK/LONDON (Reuters) – Gold prices remained near three-week highs at Friday’s midsession as worries about Greece’s debt crisis encouraged buying by investors looking for relative safety and the softer dollar underpinned sentiment.

Spot gold hit $1,538.10 a troy ounce, its highest since May 4. It was bid at $1,537.30 an ounce at 1:16 p.m. EDT (1716 GMT) from $1,518.10 late in New York on Thursday.

NEW YORK/LONDON (Reuters) – Gold fell on Thursday, led by a drop in euro-priced bullion after the single European currency came under sudden pressure with the latest euro zone debt concerns, although safe-haven buying limited declines.

The euro fell early, with traders citing a report quoting the Euro Group’s Jean-Claude Juncker as saying the International Monetary Fund may not release its next tranche for Greece on June 29.

NEW YORK/LONDON (Reuters) – Gold hit a three-week high on Wednesday, boosted by concern over the debt crisis in euro zone countries such as Greece and as June options expire in the COMEX futures market.

Spot gold rose as far as $1,532.10 per troy ounce, its highest since May 4, but was bid at $1,524.79 by 12:50 p.m. EDT (1750 GMT), down slightly from $1,525.75 late in New York on Tuesday.

NEW YORK/LONDON (Reuters) – Gold rose to its highest in about three weeks on Tuesday, as concerns about a spreading EU debt crisis fueled safe haven buying, and the euro’s gains dollar added support.

Spot gold rose to $1,527.45 a troy ounce, its highest since May 4. By 1708 GMT, it had come off the high and was bid at $1,522.24 an ounce, but firmer than $1,516.05 late in New York on Monday.