3
June
Gold slips below $1,220/oz, investment supports (GC in Reuters)
3 June 2010 Reuters
Gold slipped below $1,220 an ounce in Europe on Wednesday as investors cashed in some of the previous session's gains, but investment demand for the metal as a haven from risk is expected to continue to underpin prices.
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"The month of May and start of June has seen gold's safe haven properties realised and its inverse correlation with equities has again been clearly shown," said gold dealer Goldcore in a note.
