16
September
Gold May Extend Rally to Record as Haven Demand Increases (GoldCore in Yahoo Finance)
16 September 2010 Yahoo News
Gold fluctuated in London near yesterday’s record as investors sought protection from turmoil in the global economy and financial markets. Silver was little changed after climbing to the highest price since March 2008.
Gold reached a record $1,274.95 yesterday as holdings in the world’s biggest gold-backed exchange-traded fund gained the most in almost a month. The yen tumbled from a 15-year high versus the dollar after Japan’s government intervened for the first time since 2004 to curb gains that threaten an export-led recovery. The dollar was little changed against the euro.
