Gold, Little Changed, May Gain for Sixth Session on European Debt Crisis

Bloomberg reported that Europe’s debt woes may push gold futures up for a sixth straight session.

The market news is quoted as saying:

Gold futures for August delivery rose 50 cents to $1,549.70 an ounce at 10:16 a.m. on the Comex in New York. The metal gained 4.5 percent in the previous five sessions. On May 2, the price reached a record $1,577.40.

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