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Precious Metals Futures Climb to Record as Europe Debt Concern Lifts Investor Demand
Apr. 05, 2011 09:00AM PST
Precious MetalsBloomberg reports that gold rose to a record in New York as sovereign-debt concerns boosted demand for the precious metal as an alternative asset.
Bloomberg reports that gold rose to a record in New York as sovereign-debt concerns boosted demand for the precious metal as an alternative asset.
The market news is quoted as saying,
Palladium futures for June delivery advanced $4.75, or 0.6 percent, to $789.15 an ounce on the New York Mercantile Exchange. Platinum futures for July delivery rose $12.60, or 0.7 percent, to $1,799.60 an ounce on the Nymex.