Fresh economic worries trigger rush into gold

- June 17th, 2010

On Thursday, Gold was set for its largest daily rise in a week, as a combination of concern over the impact of the euro zone debt crisis and downbeat U.S. data encouraged a fresh sweep into safe-haven assets.

On Thursday, Gold was set for its largest daily rise in a week, as a combination of concern over the impact of the euro zone debt crisis and downbeat U.S. data encouraged a fresh sweep into safe-haven assets.

The press release is quoted as saying:

Spot gold was bid at $1,246.75 an ounce at 1425 GMT, against $1,229.60 late in New York on Wednesday. U.S. gold futures for August delivery rose $14.50 to $1,245.10.

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