Gold, Silver Rise on Haven Demand Amid Portugal’s Debt Concern

Bloomberg reports that Gold and silver futures rose for the second straight day on speculation that Europe’s debt crisis is spreading, boosting demand for the precious metals as a store of value.

The market news is quoted as saying:

Portuguese bond yields may be rising to levels that force the nation to follow Greece and Ireland in requesting a bailout from the European Union and the International Monetary Fund to avert default.

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