Plus, the possibility of a global recession is still looming, writes John Nyaradi at MarketWatch. [Gold ETF Near Record High as Debt Crisis Worsens.]
Meanwhile, the sovereign debt situation in Europe is weighing on markets, and talk of a break-up within the Eurozone has stretched nerves and pushed gold higher.
SPDR Gold Shares
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.