Precious Metals Gained on European Sovereign-Debt Woes

Precious Metals

Bloomberg reports that gold, palladium and platinum all rose today as concern about Greekā€™s debt crisis spurred demand for safe haven investments.

Bloomberg reports that gold, palladium and platinum all rose today as concern about Greekā€™s debt crisis spurred demand for safe haven investments.

The market news is quoted as saying,

Palladium for September delivery gained 1.7 percent to $737 an ounce. It reached a five-week low of $721.10 yesterday. Platinum for October delivery was up 1.4 percent at $1,698.20 an ounce after yesterday dropping to a three-month low of $1,669.

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