17
May
Gold At Records In Euros, Sterling; Flight To Quality
17 May 2010 Wall Street Journal
Gold raced to a record high in both euros and sterling in Asia Monday, and is hovering just below its record high in U.S. dollars as the impact of the European fiscal crisis continues to boost flows into the metal.
"It's been a flight to quality this morning. The dollar is gaining against pretty much everything except gold and that's what's driven it to the records in euros and sterling," said Darren Heathcote, head of trading at Investec in Sydney.
