Gold May Climb on Chinese Inflation Figures, Concern About European Debts

Bloomberg reports gold may gain for a fourth day in New York as concerns about inflation and Europe’s debt woes spur demand for precious metals.

The market news is quoted as saying,

Palladium for June delivery was down 1 percent at $725.60 an ounce. Platinum for July delivery declined 0.3 percent to $1,791.25 an ounce.

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