Gold Rises on Concern Over Europe Debt

Bloomberg reported that European debt worries boosted gold prices for a fourth straight day.

The market news is quoted as saying:

Gold futures for August delivery rose $3.50, or 0.2 percent, to settle at $1,527.80 an ounce at 1:52 p.m. on the Comex in New York. The metal has gained 27 percent in the past year, touching a record $1,577.40 on May 2.

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