Gold price surges again on concern over problems
London — The price of gold rose above $660 again Tuesday because of strong demand from investors concerned about international problems and forecasts that the supply of the precious metal might run short. The gold price leaped to $663 and ounce, from about $647 Monday night in Europe. The price also rose above $660 an ounce at one stage Monday, but it later fell quickly because of profit taking. Dealers said the new price surge showed that confidence in gold, whose value has risen from about $520 an ounce in the past month, still remained, dealers said.