1
June
Gold Climbs for Seventh Day on Europe Risks, Israel Tensions
1 June 2010 Bloomberg.com
Gold climbed for a seventh day as the threat to growth from Europe’s sovereign debt crisis and Israel’s attack on a civilian flotilla off Gaza increased demand for the metal as an investment haven.
Bullion for immediate delivery gained as much as 0.5 percent to $1,222.47 an ounce, its highest since May 19, as the euro extended its 2.4 percent decline last week. The metal traded at $1,219.45 an ounce at 12:27 p.m. in Mumbai. The U.K. and the European Union called on Israel to lift its blockade of Gaza after nine people were killed after six ships in the “Freedom Flotilla” tried to enter port in the coastal enclave.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKjpSnDqIvJw
