Petaquilla Article, Gold surged to $1,282.75 an ounce in the European market

Up, up and away…. Gold has gone higher again after having worsened in early September to its weakest in more than a year. Gold surged to $1,282.75 an ounce in the European market on hopes that the US Federal Reserve, staving off a recession, could announce more quantitative easing — usually a positive for gold.