13
May
Gold Rises to Record as Investors Seek Alternative to Currency
13 May 2010 Bloomberg.com
Gold futures rose to a record for the second straight day as financial turmoil in Europe spurred demand for an alternative to currencies.
Gold priced in euros, British pounds and Swiss francs also rallied to all-time highs on concern that a plan to rescue Europe’s indebted nations will slow the region’s economic recovery and devalue the 16-nation common currency.
http://www.bloomberg.com/apps/news?sid=ammif54YFtNk&pid=20601087
