| Spot market gold bullion prices rose sharply to $1,797 per ounce Wednesday lunchtime in London – over 3% higher than the same time a week earlier – as the European debt crisis intensified its grip on Italy. Silver bullion also rallied – though it remained just below $35 per ounce, where it started today's London session.
Italian 10-year bond yields meantime breached 7.4%, following Wednesday morning's announcement by clearing house LCH Clearnet SA that it will raise the amount of margin collateral Italian debt traders must posts against potential losses...............................................Full Article: Source
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