17
June
Gold Advances in Asia as European Debt Concerns Increase Demand
17 June 2010 Bloomberg.com
Gold advanced in Asia on concern that Europe’s financial turmoil will be prolonged, boosting the appeal of the precious metal as a store of value.
Bullion for immediate delivery strengthened as much as 0.5 percent to $1,235.07 an ounce amid speculation that Spain faces a jump in borrowing costs at bond auctions today as the nation seeks to cut the third-largest euro-region deficit. The metal touched a record $1,252.11 earlier this month.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anMdQC.OytGw
