Gold Trades Near Record on Europe Debt Risk; Silver Reaches 31-Year Peak

Bloomberg reports precious metals continue to rise as unrest continues in Libya and the Middle East and Eurpoe’s debt crisis spur demand for safe-haven markets.

The article is quoted as saying,

Palladium futures for June delivery rose $7.90, or 1.1 percent, to $757.20 an ounce on the New York Mercantile Exchange. Platinum futures for July delivery rose $1.60, or 0.1 percent, to $1,765.80 an ounce on the Nymex.

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