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Gold Rises for a Third Day on Demand for Haven From Beleaguered Currencies
Jun. 16, 2011 03:42PM PST
Precious MetalsBloomberg reported that volatile currency markets caused gold prices to increase for the third consecutive day.
Bloomberg reported that volatile currency markets caused gold prices to increase for the third consecutive day.
The market news is quoted as saying:
On the Comex in New York, gold futures for August delivery rose $3.70, or 0.2 percent, to settle at $1,529.90 an ounce at 1:46 p.m.. The price gained 0.7 percent in the previous two sessions. The metal has advanced 24 percent in the past 12 months.
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