27
May
Gold May Climb for Fourth Day as Buyers Seek Haven From Europe
27 May 2010 Bloomberg.com
Gold, little changed in London, may gain for a fourth day as demand for commodities increased and some investors buy the precious metal as a store of value amid Europe’s debt crisis.
Industrial metals including copper gained and oil rose as the dollar weakened against the euro, bolstering the investment appeal of commodities. European equities climbed after China’s foreign exchange regulator said it isn’t reviewing its euro holdings. Assets in the world’s largest gold-backed exchange - traded fund increased to a record.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUCxSljm7PiM
