Gold May Climb as Irish Debt Concern Spurs Demand

Businessweek reports that Gold may rise as concern about Ireland’s debt woes spurs demand for a protection of wealth.

The market news is quoted as saying:

The Irish central-bank governor, Patrick Honohan, said he expects the country to ask for a “substantial” bailout from the European Union and International Monetary Fund to rescue its debt-laden banks. Concern earlier this year that Greece may go bankrupt helped push gold to then-record prices.

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