3
June
Gold May Drop in Asia as Stocks, Euro Rally Curb Haven Demand
3 June 2010 Bloomberg.com
Gold, little changed in Asia, may decline for a second day as equities and the euro rebounded, dimming demand prospects for haven investments.
Bullion for immediate delivery traded at $1,223.50 an ounce at 2:50 p.m. in Singapore. It fell for the first time in eight days yesterday as some investors cut holdings after the metal reached $1,228.85 on June 1, the highest price since May 18.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=auHx50C0rKdc
