17
June
Gold rises above $1230/oz, risk aversion creeps up
17 June 2010 Reuters
Gold firmed in Europe on
Thursday as investors worried about sovereign debt levels in the
euro zone sought out the metal as a safe haven, with losses on
the equity markets pointing to softer appetite for risk.
Nominally higher-risk assets like stocks, the euro and
industrial commodities like oil and copper were all weaker on
Thursday, after soft U.S. housing data on Wednesday dampened
optimism over the economic recovery. Gold benefited.
http://af.reuters.com/article/metalsNews/idAFLDE65G09920100617
