Gold today rose toward a record set yesterday as concern that the US and Europe will struggle to contain their debt burdens spurs demand for the metal as a protection of wealth.
Gold rose by USD 1.30, or 0.1%, to USD 1,618.60 an ounce on the Comex, after reaching a record USD 1,628.05 yesterday. However, silver fell by 0.9% to USD 40.22 an ounce after yesterday climbing to a 12-week high of USD 41.46.
US lawmakers remained at odds on how to raise the country's debt limit in time to avoid a default. Standard and Poor
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
