8
June
Gold Retreats in Asia After Near-Record Rally Encourages Sales
8 June 2010 Bloomberg.com
Gold climbed to within 0.3 percent of a record in London as investors sought an alternative to currencies as concern over Europe’s debt crisis mounts.
The metal climbed to all-time highs in Swiss francs and euros this week as the region’s common currency yesterday slipped to the lowest level in more than four years against the dollar. Gold touched a record $1,249.40 an ounce on May 14, while gold-backed exchange-traded fund holdings are near a peak.
http://www.bloomberg.com/apps/news?pid=20601012&sid=arL3jmnbsVz8
