MW: Gold rises for second day on worries over banks
Gold futures rose Tuesday for a second session, up above $910 an ounce as news that the government may order ten banks to boost capital levels raised worries over the financial industry, increasing gold's appeal as a safe asset. Gold for June delivery climbed $9.80, or 1.1%, to $912 an ounce on the Comex division of the New York Mercantile Exchange. Investors were also awaiting the Institute of Supply management's survey of non-manufacturing businesses and Federal Reserve Chairman Ben Bernanke's testimony before Congress later in the morning.
