MADRID (MarketWatch) -- Gold rose Tuesday in afternoon European trading hours as investors eyed a Group of Seven conference call of central bankers and finance ministers. Gold futures for August delivery rose $5.20 to $1,619.10 an ounce. Investors were looking ahead to the emergency G-7 call for later, which is set to discuss the euro-zone crisis. Gold rose even as the dollar
also gained against the euro after Treasury Minister Cristobal Montoro said Spain had effectively been shut out of bond markets as evidenced by high borrowing costs. A European Central Bank meeting will also be closely watched for Wednesday. Silver for July delivery rose 31 cents, or 1.1% to $28.32. Among other metals, palladium for September delivery fell $1.40 to $612.50 an ounce and platinum for July delivery jumped $12.10, or 0.9%, to $1,439.40 an ounce.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Weiter zum vollständigen Artikel bei "Market Watch"