Breaking News, World News and Taiwan News.

Updated Thursday, February 9, 2012 0:06 am TWN, AP

Sponsors
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.

Gold price gains after two-day drop

NEW YORK--Gold prices broke a two-day slide as traders became more optimistic that Greece would reach a deal with its creditors to restructure its debt.

Gold for April delivery rose US$23.50 to settle at US$1,748.40 an ounce Tuesday. Silver also rose 44.4 cents to US$34.19 an ounce. Other metals were also higher.

Traders were hopeful that Greece would avoid a default next month following news that the government was preparing to brief other European nations on the details of a debt restructuring deal. Investors have been loath to hold riskier assets like commodities while Greece teetered on the brink of default.

Subscribe to The China Post and save 25%. Click here