1
December
Gold rises to near 3-week high, bullion in euro at record
1 December 2010 Reuters
Gold firmed to its highest in nearly three weeks on Wednesday as growing fears about Portugal's debt pummeled the euro, sending bullion priced in the single currency to a record high.
Standard & Poor's threatened to cut the credit ratings of Portugal, citing uncertainties stemming from the risk of the country having to seek international financial aid -- just after Ireland secured an 85 billion euro bailout package from the European Union.
