11
June
Gold falls as Wall Street rises, risk appetite up
11 June 2010 Reuters
Gold fell 1 percent on Thursday, as a sharp Wall Street rally and rebounding risk appetite prompted investors to switch funds out of precious metals and into assets perceived as riskier. The euro's advance for a third straight day, gains in industrial commodities including oil, and a 200 point gain of the Dow Jones industrial average lessened gold's appeal as a safe haven amid European credit contagion fears.
http://www.reuters.com/article/ousivMolt/idUSTRE64R5OH20100610
