22
April
Gold Futures Rise on Demand for Haven Amid Greek Debt Concerns
22 April 2010 Bloomberg.com
Gold rose the most in two weeks on skepticism that a Greek aid package will resolve the nation’s debt, boosting demand for the metal as a haven. Platinum and palladium extended rallies to the highest prices since 2008.
The euro dropped for the fifth straight session against the dollar on European debt concerns. The yield premium investors demand to hold Greek 10-year bonds instead of benchmark German bunds climbed to the highest level since at least March 1998. Gold has gained 30 percent in the past year, reaching a record $1,227.50 an ounce on Dec. 3.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aD11Pf2EwUYQ
