Summary Box: Gold, silver rise on debt fears

AP News
Posted: May 24, 2011 4:09 PM
Summary Box: Gold, silver rise on debt fears

PRECIOUS GAINS: Gold and silver prices climbed as concerns lingered about Greece's debt crisis, prompting investors to seek out relatively stable assets. They are trying to determine if Greece's problems may affect the European economy.

SOLD SIGNS: Copper rose slightly after the government said new-home sales rose 7.3 percent last month. The metal is used in a variety of construction materials including pipes and wiring.

BULLISH FORECAST: Most commodities rose after Goldman Sachs said it believes prices will be higher in the second half of the year as economic growth continues and supplies tighten in some markets.