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Gold up 6 pct in 2012 after last-gasp rally on U.S. fiscal deal

Source : REUTERS
Last Updated: Mon, Dec 31, 2012 22:40 hrs
Muslim pilgrims reflected at glass of a jewellery shop at the surrounding area of the Grand Mosque during the annual hajj pilgrimage in the holy city of Mecca

NEW YORK (Reuters) - Gold jumped on the last trading day of 2012 to finish up 6 percent on the year after news of a potential U.S. fiscal deal drove a market that rallied in earlier months on low interest rates, euro zone woes and central bank demand for bullion.

U.S. gold futures most-active contract settled at $1,675.80 an ounce, up 1.2 percent for the session and 6.1 percent for the year.

(Reporting By Barani Krishnan; Editing by Chizu Nomiyama)

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