Gold Rises to Three-Week High With Silver as Europe’s Woes Mount
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Gold and silver futures rose to three-week high weeks after Europe’s economic concerns mounted, spurring demand for the precious metals as a haven.
A gauge of euro-area services and manufacturing signaled growth slowed in the final quarter of 2014, and the euro extended losses versus the dollar amid Greek opposition to austerity measures that may prompt the country’s exit from the currency bloc. Money managers raised bullish wagers on gold for the first time in three weeks, U.S. government data showed.