Gold Jumps 1.5 Percent on Euro Zone Debt Fears

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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