Gold Jumps 1.5 Percent on Euro Zone Debt Fears

- May 20th, 2011

Reuters reported that concerns about European debt led gold prices to increase again.

Reuters reported that concerns about European debt led gold prices to increase again.

The market news is quoted as saying:

Spot gold rose 1.5 percent to $1,514.49 by 2:52 p.m. EDT (1852 GMT). U.S. June gold futures settled up $16.50 at $1,508.90 an ounce, after trading between $1,486.40 and $1,515.80, which marked a one-week high.

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