15
June
Gold May Gain as Greece’s Rating Downgrade to Junk Fuels Demand
15 June 2010 Bloomberg.com
Gold may gain in London as concern that the global economic recovery may slow boosts demand for the precious metal as a means of protecting wealth.
The euro slipped as much as 0.4 percent against the dollar before a German report forecast to show investor confidence in Europe’s largest economy declined. European equities fell after Moody’s Investors Service yesterday cut Greece’s credit rating. Bullion is trading within 2.4 percent of a record set last week.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFpFReMUQfA8
