28
May
Gold up slightly on investment buying; ETF rises
28 May 2010 Reuters
Gold staged a modest comeback on Friday on investment buying after running into competition for capital from rallying equity markets and a stronger U.S. dollar.
Gold also found modest fundamental support from a rise in holdings of the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, to a new record, showing global appetite for less risky investments continues on lingering euro zone debt fears and tensions between South and North Korea.
