27
April
Gold Nears One-Week High as Greek Crisis Drives Haven Demand
27 April 2010 Business Week
Gold advanced to near the highest level in more than a week as Greece’s budget crisis prompted some investors to seek haven assets. Platinum rose to the highest since August 2008.
Gold for immediate delivery rose as much as 0.3 percent to $1,157 an ounce after climbing to $1,160.10 yesterday, the highest price since April 16. Today’s gain came even as the dollar strengthened against a basket of major counterparts; the precious metal and U.S. currency normally trade inversely.
