Europe’s summer of rage

IBTimes reports the gold price is holding steady at above $1,500 per troy ounce, following a strong showing late on Friday.

The market news is quoted as saying,

The Comex June gold contract settled at the end of last week up $16.50, or 1.1% intraday, to $1,508.90. Silver, platinum and palladium also gained in the wake of safe-haven bids for gold, with all of these precious metals settling up for the day.

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