Gold ends $2 shy of May record, silver up 5% June 7, 2010, 1:59 p.m. EDT By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Gold futures on Monday rose nearly 2% to end just a couple of dollars short of their May 12 record amid lingering concerns about the health of the world economy. Gold for August delivery, the most active contract, rose $23.10, or 1.9%, to settle at $1,240.80 an ounce. Silver for July delivery tracked gold to settle 5% up at $18.16 an ounce.