Gold Higher on Europe News  Gold prices hit $1,740 this morning
in a reaction to positive news out of the Euro zone. EU leaders
endorsed new framework of a treaty which would implement a
deficit control mechanism. This is an important step toward
financial stability in the region.  By Mike Getlin January 31,
2012 11:21 AM EST International Business Times  Gold prices
moved decisively higher this morning, reclaiming $1740 per ounce
as silver added about 25 cents to reach $33.75. These moves come
in reaction to positive news out of the EU, which caused some
light selling in the US treasuries market.  EU leaders endorsed
the framework of the new treaty yesterday which would implement
a deficit control mechanism by which member states must maintain
balanced budgets. Though this is clearly an important step
toward financial stability in the region, it does not address
the current reality of the staggering debt loads carried by many
member states. As such, the agreement also includes the
establishment of a roughly