Skip to content
Subscriber Only

Gold Advances on Speculation Europe’s Debt Crisis May Spread

Gold rose to a one-week high on speculation that Europe’s sovereign-debt crisis may spread, boosting the appeal of the precious metal as a haven. Silver gained for the fourth straight session.

The euro fell against the dollar after Moody’s Investors Service said it may lower Ireland’s credit rating by more than one level. Gold has advanced 24 percent this year, reaching a record $1,424.30 an ounce on Nov. 9.