Gold Futures Rise on Dollar’s Slump, Debt

Bloomberg reported that a weak dollar and European debt concerns caused gold futures to increase.

The market news is quoted as saying:

Gold futures for August delivery rose $2, or 0.1 percent, to $1,539.30 an ounce at 11:25 a.m. on the Comex in New York. The price climbed 0.9 percent on May 27. Floor trading was closed yesterday for a U.S. holiday.

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