Precious Metals Futures Climb to Record as Europe Debt Concern Lifts Investor Demand

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.

For the complete market news, click here.