Gold May Advance as European Debt-Crisis Concern Adds to Investor Demand

Bloomberg reported that European debt worries may cause gold to rise for a fourth straight day.

The market news is quoted as saying:

Gold for August delivery fell $1.90, or 0.1 percent, to $1,528 an ounce by 8:15 a.m. on the Comex in New York. The metal is down 0.1 percent this week. Immediate-delivery gold was 0.2 percent lower at $1,527.40 in London.

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