Now for the third day in a row, gold has scored significant gains. As of 4:25 PM EST gold futures basis, the most active December contract is currently up $9.50, or 0.53%, and fixed at $1826.40.

“Come writers and critics who prophesize with your pen, and keep your eyes wide, the chance won't come again, and don't speak too soon, for the wheel's still in spin”  -- The Times They Are A-Changin' -- Bob Dylan

Gold prices surged in trading as the Bank of England joined the central bank of the United States, expressing that they were not in favor of raising interest rates at any time in the near future.