4
June
Gold Poised for Weekly Decline as Equities Rally Cools Demand
4 June 2010 Bloomberg.com
Gold, little changed in London today, may decline for a third day as some investors sell the metal to lock in gains after a rally.
Gold is heading for a weekly loss of 0.7 percent, after climbing to a two-week high this week on increased investor demand for an alternative to the euro. The single European currency gained against the dollar today after sliding to the lowest level in four years on June 1. Holdings of bullion in the world’s biggest exchange-traded fund climbed to a record.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aWESslUhsEBg
