Gold Rises to 3-Week High on Europe Turmoil

Bloomberg reported that Europe debt concerns sent gold prices to a 3-week high.

The market news is quoted as saying:

Gold futures for June delivery gained $7.90, or 0.5 percent, to settle at $1,523.30 an ounce at 1:41 p.m. on the Comex in New York, the highest closing price for a most-active contract since May 3.

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