New York:Amid speculation over debt deal in US ,Comex gold and silver futures prices are trading at new higher Monday morning on more safe-haven investment demand.The wide spread debt crises already gripped in Europe and now U.S. is also spreading bad news.
The debt problems on both sides of the ocean have pressurized most of the world’s currency markets, and gold is now standing out as the “currency” of the world, in many investors’ eyes. August gold last traded down up $12.30 at $1,602.40 an ounce. Spot gold last traded up $7.20 an ounce at $1,601.75. December Comex silver last traded up $1.274 at $40.365 an ounce.
Gold prices are trading higher despite the dollar rising against the euro, as EU finance ministers prepare to meet on Thursday to try and put together a longer term support package for Greece
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