Gold Climbs to Three-Week High as Europe’s Debt Crisis Spurs Haven Demand

Bloomberg reported that gold rose the most in three weeks over concerns about European debt.

As quoted in the market news:

Gold futures for December delivery rose 0.3 percent to $1,688.10 at 9:32 a.m. on the Comex in New York. Earlier, the price touched $1,696.80, the highest since Sept. 23. Bullion gained 2.9 percent last week, the most in more than a month.

Click here to read the full Bloomberg report.