7
May
Gold Declines After Surge to Five-Month High Prompts Selling
7 May 2010 Bloomberg.com
Gold dropped for the first time in three days in London after an advance to a five-month high prompted some investors to sell.
Bullion jumped 2.8 percent yesterday as concern about Europe’s debt crisis boosted its appeal as a haven amid a slump in equities and other commodities. Prices climbed to all-time highs in euros, British pounds and Swiss francs this week. Holdings in the world’s biggest gold-backed exchange-traded fund yesterday rose the most since February 2009 to a record.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aMV_7fFxOeWQ
