Precious Metals-Gold rises to near two-week top on euro zone debt woes

- May 23rd, 2011

Reuters reports investors ditched the euro and turned to gold while silver struggled to catch up with gains in bullion.

Reuters reports investors ditched the euro and turned to gold while silver struggled to catch up with gains in bullion.

The market news is quoted as saying,

Spot gold added $1.50 an ounce to $1,508.89 by 0606 GMT, having hit an intraday high around $1,518 an ounce. This was its strongest since May 11, but still well below a lifetime high around $1,575 struck in early May.

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