Gold Futures Top $1,550 as Currencies Fluctuate

Bloomberg reported that increased demand for an investment haven pushed gold to the highest levels in seven weeks.

The market news is quoted as saying:

Gold futures for August delivery rose $12.30, or 0.8 percent, to $1,558.70 an ounce at 11:32 a.m. on the Comex in New York. Earlier, the metal reached $1,559.30, the highest for a most-active contract since May 2, when the price reached a record $1,577.40.

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