Gold's Haven Demand Grows on Worries About U.S. Credit Sector

Group 1 - Gold prices have reached a record high, with futures in New York increasing by 1.1% to $4,354 per troy ounce, driven by concerns over the U.S. credit market [1][2] - The sentiment regarding the U.S. credit sector has soured, particularly following disclosures from two regional banks about loan issues related to alleged fraud, raising fears about weakening borrower credit [2]