Gold Rises for a Third Day on Demand for Haven From Beleaguered Currencies

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.

To read the full market news, click here.