27
July
Gold Falls as Euro Gains Against Dollar After Bank-Stress Test
27 July 2010 Business Week
July 26 (Bloomberg) -- Gold fell for the second straight session as the euro climbed against the dollar, eroding demand for the metal as a haven amid waning European-debt concerns. Platinum rose to the highest level in almost four weeks.
Most European banks passed stress tests designed to show their ability to withstand a financial crisis, lenders and regulators said on July 23. The euro gained for the third straight session against the U.S. currency. Gold has dropped 6.6 percent from the June 21 record of $1,266.50 an ounce. The metal priced in euros also reached an all-time high last month.
