Gold Rises to Record; Silver Closes at Highest Since 1980

Lock
This article is for subscribers only.

Gold climbed to a record for the third time this week as investors stepped up demand for a haven from financial turmoil. Silver futures rose to the highest closing price since 1980.

This year, gold has gained 17 percent, and silver has jumped 24 percent, outperforming stocks, bonds and many commodities as sovereign-debt concerns and an uneven economic recovery roil financial markets.