Gold rises as euro bounces; physicals active

26 March 2010  Reuters

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Gold gained half a percent
on Friday after the euro rebounded from a 10-month low against
the U.S. dollar, while steady purchases from jewellers in Asia
offered additional support.

Bullion has dropped more than $10 this week, mainly due to
a rally in the dollar and uncertainty over a bailout package
for debt-ridden Greece, but an increase in ETF holdings showed
gold still attracted investors as currencies remained volatile.

http://www.reuters.com/article/idUSSGE62P09120100326?type=goldMktRpt