Gold Continues Rising

Gold rose a second day in London, erasing an earlier decline.

Bullion, traded in dollars, generally moves in the opposite direction of the U.S. currency, which was little changed against the euro after falling to a two-year low last week. The metal is up 4.2 percent this year and the dollar down about 1 percent.

Gold for immediate delivery gained 86 cents to $664.95 an ounce as of 12:06 p.m. in London. Earlier, price had today dropped as much as $1.80.