8
September
Gold eyes record high as risk aversion simmers
8 September 2010 Reuters
Gold prices rose towards record highs in Europe on Wednesday as risk aversion continued to weigh on assets seen as higher risk, such as stocks, while increasing flows into perceived havens like bullion.
"Weaker equity markets and some concerns over euro zone debt helped push the yellow metal higher," said Commerzbank in a note. "Germany's 10 largest lenders may need additional capital to meet new regulations, creating some jitters in the market about the overall health of the European banking system."
http://af.reuters.com/article/metalsNews/idAFLDE68709320100908
