Gold rises 3% in May; other metals notch steep monthly declines (GC in MarketWatch)

31 May 2010  MarketWatch

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Gold eked out modest gains Friday, adding to its monthly advance, after a debt ratings downgrade for Spain provided bullion with a last-minute boost.

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"The Spanish downgrade has seen the euro fall again and will do nothing to ease sovereign debt and euro currency concerns," analysts at Goldcore said in a report.

http://www.marketwatch.com/story/gold-opens-modestly-lower-as-risk-on-the-table-2010-05-28?reflink=MW_news_stmp