Summary Box: Gold rises on renewed economic fears

AP News
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Posted: Aug 25, 2011 3:16 PM
Summary Box: Gold rises on renewed economic fears

MOVING UP: Gold prices rebounded as concerns re-emerged about Europe's debt problems and claims for unemployment increased in the U.S. The gain came after gold fell $134.60 an ounce over the previous two days.

HURRICANE WORRIES: Gasoline futures rose as investors worried about the potential impact of Hurricane Irene. Refineries in Delaware, New Jersey, Pennsylvania and Virginia produce nearly 8 percent of the country's gasoline and diesel fuel.

WHAT'S NEXT: Federal Reserve Chairman Ben Bernanke is expected to address a Fed conference in Wyoming Friday. Investors will listen for clues about any additional steps the Fed may be considering to help the economy.