Gold extends gains after retail sales data
Investing News Network - June 11th, 2010
On Friday, Gold extended gains in Europe as weaker-than-expected U.S. retail sales data brought risk aversion back to the market, pressuring stocks and the euro and boosting interest in bullion as a safe haven.
On Friday, Gold extended gains in Europe as weaker-than-expected U.S. retail sales data brought risk aversion back to the market, pressuring stocks and the euro and boosting interest in bullion as a safe haven.
The press release is quoted as saying:
Spot gold was bid at $1,225.25 an ounce at 1248 GMT, against $1,215.80 late in New York on Thursday. U.S. gold futures for August delivery rose $4.70 to $1,227.00.