17
May
Gold futures climb as much as $15 on Globex
17 May 2010 MarketWatch
Gold futures climbed by as much as $15 an ounce in electronic trading Monday afternoon in Asia, as a pullback in prices Friday combined with continued weakness in the euro to lure investors back to the precious-metals market.
The "market doesn't like what's going on with the euro, and no alternative exists," said Ed Bugos, director of mining finance at Strategic Metals Research and Capital. "The bear market in stocks is ongoing and just reinforcing this fact."
http://www.marketwatch.com/story/gold-futures-climb-as-much-as-15-on-globex-2010-05-17
