29
April
Gold May Climb Toward Five-Month High, Led by Haven Demand
29 April 2010 Bloomberg.com
Gold rose in London on speculation debts in Europe will lead to more demand for the metal as a haven from possible losses in other assets.
Gold has increased 6.4 percent this year, while the EURO STOXX 50 Index of European shares dropped 5.7 percent and aluminum fell 1.6 percent. Investors bought more gold yesterday through ETF Securities Ltd. and SPDR Gold Trust as Standard & Poor’s lowered its growth outlook and credit rating for Spain.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ax94QmmvGVpw
