Gold Price Rises. Its Role as a Reserve Asset Is Growing.
Gold prices were rising on Wednesday as investors snapped up the safe-haven asset amid uncertainty about the looming inflation report and a 30-year Treasury auction that will show how the market is feeling about the ballooning U.S. deficit. Futures climbed 0.7% to $3,366 an ounce in early trading, putting the precious metal about 4% short…