Gold Extends Rally on Demand for Haven Amid Euopean Debt Woes

- December 29th, 2010

Bloomberg reports that Gold rose for the third straight day in New York as European-debt concerns mounted and the dollar dropped.

Bloomberg reports that Gold rose for the third straight day in New York as European-debt concerns mounted and the dollar dropped.

The market news is quoted as saying:

The dollar fell against a basket of six major currencies before a report due tomorrow that’s expected to show slowing expansion among U.S. businesses.

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