Precious Metals May Advance as European Debt-Crisis Concern Adds to Investor Demand

Bloomberg reports that gold is gaining while other precious metals are falling as concern about Europe’s debt crisis spurs demand for a protection of wealth.

The market news is quoted as saying,

Silver for July delivery declined 0.3 percent to $35.46 an ounce in New York. Palladium for September delivery fell 1.1 percent to $755.40 an ounce, after dropping to a three-week low of $743.55. Platinum for July delivery was down 0.4 percent at $1,754.40 an ounce. It fell to as low as $1,745.70, the lowest level since May 23.

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