Gold Rises Above $1,500 to a Record on Slumping Dollar, Inflation Concern

Bloomberg reports that gold rose as a weaker dollar and concern about debt and faster inflation spurred demand for an alternative investment.

The market news is quoted as saying,

Palladium for June delivery was up 3.2 percent at $754.75 an ounce. Platinum for July delivery gained 1.3 percent to $1,793.60 an ounce.

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