21
December
Gold Advances on Demand for Haven Amid European-Debt Concerns
21 December 2010 Bloomberg.com
Gold futures rose for the second straight session on demand for a haven amid escalating European-debt woes.
The euro dropped as much as 0.7 percent against the dollar. Costs to insure French government debt rose to a record after rating companies downgraded the creditworthiness of Ireland. Gold reached an all-time high of $1,432.50 an ounce on Dec. 7 and is heading for a 10th annual gain.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aG5RTUsID0eU
