The Comex Gold noticed with another record, closing at $1,590.10 an ounce. Comex Gold is struggling with Euro debt concerns. The European Banking Authority reported that eight out of 91 banks failed the stress test with a total capital shortfall of 2.5bn euros (US$3.5bn). Weaker US dollar also supported the prices in the precious metals complex.
Moreover, US President Obama has conducted a round of talks with lawmakers regarding a possible deal to cut the deficit by US$2 trillion, which the market participants are anticipating to conclude on a cordial note
