Summary Box: Gold up for ninth straight day

AP News
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Posted: Jul 15, 2011 4:18 PM
Summary Box: Gold up for ninth straight day

GOLD GAINS: Gold rose for the ninth day in a row as government debt troubles continued in Washington and in Europe. Talk of a possible default by Greece or even the U.S. prompted nervous investors to park money in hard assets.

STEADY RISE: Gold for August delivery rose 80 cents to settle at $1,590.10 an ounce. It's now up 7.3 percent since July 1. Silver also rose as investors looked for alternatives to holding U.S. dollars, euros and other currencies.

ENERGIZED: Natural gas jumped 16.2 cents to $4.520 per 1,000 cubic feet. Crude rose $1.55 to settle at $97.24 a barrel.