6
April
Gold Climbs to Record in `Flight to Safety'; Silver Reaches 31-Year Peak
6 April 2011 Bloomberg.com
Gold gained to a record for a second day in London and New York as investors bought the metal on concern interest-rate increases will curb global growth and as the dollar slumped against the euro. Silver advanced to a 31- year high.
The euro rallied to a more-than 14-month high versus the greenback before the European Central Bank meets tomorrow to decide on interest rates. China raised rates yesterday for the fourth time since mid-October to restrain increasing consumer prices.
