Gold Demand Approaches New Record

Gold rose, approaching a record, on demand for a haven amid renewed European debt concerns and slumping equities. Gold futures traded within 0.2 percent of the record $1,227.50 an ounce on Dec. 3. Meanwhile, gold futures for June delivery rose $18.50, or 1.5 percent, to $1,219.30 at 11:11 a.m. on the Comex in New York. Earlier, the price reached $1,225.20 – Bloomberg

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