MW: Gold futures gain over $20 in late morning trade
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Gold futures gained more than $20 an ounce Wednesday in New York's late morning trading session, as ongoing debt problems in Europe and the U.S. prompted prices to touch their highest levels in two weeks. August gold GC1Q +1.12% was up $21.30, or 1.4%, at $1,534 an ounce. "Gold's strength signals that something's very seriously amiss on both sides of the Atlantic," said Adrian Ash, head of research at BullionVault.com, referring to debt issues in the U.S. as well as Greece and Portugal.
