30
April
Gold at 4-month high, posts 2.3% weekly gain (GC in MarketWatch)
30 April 2010 MarketWatch
Gold rose to a four-month high Friday, playing both defense and offense as investors bought it as hedge against still-brewing currency concerns and as a riskier investment they were more comfortable to take on.
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"Concerns of a meltdown in European debt markets have abated somewhat but gold's continuing strength in euros and other currencies signals that the worst may not be past," wrote analysts at GoldCore.
