NEW YORK (AP) — Gold prices rose Monday after concerns resurfaced about Europe's efforts to control its debt crisis.
The European Central Bank cut back its purchases of bonds from vulnerable governments such as Greece, Ireland and Portugal. Also, Moody's said it might downgrade the debt of Spanish banks that could need help from the government.
Gold for February delivery gained $6.90 to settle at $1,386.10 an ounce.
In other trading, oil and most energy products rose as traders grew optimistic that demand will improve next year.
China's oil demand in November hit 9.3 million barrels a day, according to Platts. Earlier this month the International Energy Agency …
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