MW: Gold prices edge up amid ongoing global worries
By Kate Gibson
NEW YORK (MarketWatch) -- Gold prices edged marginally higher on Tuesday after the prior day's late retreat. "The vicious combination of poor and deteriorating public finances, anemic economic growth and sovereign debt and currency concerns should lead to continuing safe haven demand for gold," wrote analysts at Goldcore.com. The futures contract for August delivery rose $1.20 to $1,225.70 an ounce on the Comex division of the New York Mercantile Exchange.
