Gold Rises Above $1,300 To A One-Month High

Gold prices slid 23 percent this year through July 19, wiping $59.4 billion from the value of gold exchange-traded product holdings, after some investors lost faith in the metal as a store of value and amid concern that the Federal Reserve may slow the pace of the stimulus.

Gold Rises Above $1,300

But today, gold rose above $1,300 an ounce to a one-month high on speculation that the Federal Reserve will maintain U.S. economic stimulus, boosting the appeal of the precious metal as a store of value....