27
April
Gold Futures Are Little Changed After Reaching One-Week High (GC in Bloomberg via BW)
27 April 2010 Business Week
Gold futures were little changed in New York after climbing to a one-week high as some investors sought an alternative to currencies.
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“The risk of a serious and contagious sovereign-debt crisis is increasing and understandably this is leading to safe- haven demand for gold,” Dublin-based brokerage GoldCore Ltd. said today in an e-mailed report. “A Western European country has not defaulted on its debt since World War II, so the implications of such a default are momentous.”
