Gold Futures Advance to Record as Inflation Pressures ‘Scream’

Bloomberg reports that gold climbed to a record for the third straight day on speculation that inflation will accelerate as the U.S. trails Europe in raising interest rates.

The market news is quoted as saying,

Palladium futures for June delivery fell $4.35, or 0.6 percent, to $780.25 an ounce on the New York Mercantile Exchange. Platinum futures for July delivery fell $7.20, or 0.4 percent, to $1,790.60 an ounce on the Nymex.

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