9
June
Gold Climbs in Asia, Nears Record as Europe Boosts Haven Demand
9 June 2010 Bloomberg.com
Gold gained to within 0.9 percent of a record as concern about Europe’s debt crisis grew after Fitch Ratings called the U.K.’s fiscal challenge “formidable,” increasing the appeal of the metal as a haven.
Immediate-delivery bullion rose as much as 0.4 percent to $1,240.85 an ounce, after hitting an all-time high of $1,252.11 yesterday, and traded up 0.1 percent at $1,238.10 at 1:06 p.m. in Singapore.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azg4tLtx1PT4
