Gold Passes $1,900

Traders are seeing mixed drivers in the market. A rush to gold due to the global economic uncertainty, and active speculative trading that pushes prices even further.

Germany and France, the two economic powerhouses of the Euro-zone are contemplating bailout measure for troubled European economies, including Greece, Portugal, Spain and Italy.

The recent hesitant measures in Washington DC raised global concerns about the ability of the U.S. government to manage its enormous debt. In New York, gold for delivery in December hit a record high of $1,917.90 before retracting to $1,900.80.