Precious Metals Gained on European Sovereign-Debt Woes

Bloomberg reports that gold, palladium and platinum all rose today as concern about Greek’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.