Gold Prices Should Gain on Alternative Investment Demand

Bloomberg reported that gold prices are expected to rise as European debt concerns spark demand for an investment haven.

As quoted in the market news:

Gold for August delivery rose 0.3 percent to $1,555.20 an ounce by 7:57 a.m. on the Comex in New York. Prices reached a one-week low of $1,546.10 today and are 6.5 percent lower in May for a fourth monthly decline.

Click here to read the full Bloomberg report.