Economics
Gold May Gain on Growth Outlook, Europe’s Debt, Survey Shows
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Gold may gain as concern about slowing economic growth and Europe’s debt crisis boost demand for the metal as an alternative investment, a survey found.
Thirteen of 19 traders, investors and analysts surveyed by Bloomberg, or 68 percent, said bullion will rise next week. Five predicted lower prices and one was neutral. Gold for August delivery was up 0.2 percent for this week at $1,545.10 an ounce by 11:32 a.m. yesterday on the Comex in New York. It reached a record $1,577.40 on May 2.