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Gold settles at record on U.S. debt, weak GDP

PostPosted: Fri Jul 29, 2011 4:52 pm
by admin
Gold settles at record on U.S. debt, weak GDP
SAN FRANCISCO (MarketWatch) -- Gold futures ended the week with a bang, notching a settlement record as U.S. output disappointed and the wrangling over a bill to raise the U.S. debt ceiling and deficits has continued. Gold for December delivery added $15, or 0.9%, to settle at $1,631.20 an ounce on the Comex division of the New York Mercantile Exchange. It traded as high as $1,637.50 an ounce.

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