Economics
Gold Futures Advance on Haven Demand as European Economy Sags
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Gold futures rose to a record settlement as the sagging European economy spurred demand for the precious metal as an investment haven.
The German economy, Europe’s largest, almost stalled in the second quarter as the region’s sovereign-debt crisis weighed on confidence. Germany and France are working on “ambitious” joint proposals to defend the euro, French President Nicolas Sarkozy said today.