Gold spikes more than 1 pct, ETFs at fresh record

30 April 2010  Reuters

Reuters Logo image

Gold spiked just over 1 percent on Friday after trading mostly flat overnight on signs investors were ploughing more capital into bullion markets to hedge against economic turmoil in Europe.

Fresh interest in gold was particularly heavy among Japanese commodities investors following a holiday on Thursday, bullion dealers said.

http://www.reuters.com/article/goldMktRpt/idUSSGE63T00U20100430