Gold May Gain on European Debt Concern

Bloomberg reports that Gold, little changed in Asian trading, may gain as concerns about Europe’s debt crisis.

The market news is quoted as saying:

Gold for immediate delivery traded at $1,375.90 an ounce at 1:20 p.m. in Seoul after yesterday climbing as high as $1,382.50 an ounce, the highest price since Nov. 12. Bullion fell 0.4 percent earlier as the price rally prompted some investors to lock in gains. Futures for December delivery in New York dropped 0.2 percent to $1,376.40 an ounce.

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