Gold firms as Greece downgrade lifts risk aversion

- June 15th, 2010

On Tuesday, Gold firmed as a ratings downgrade of Greece sparked fears of a worsening fiscal crisis, lifting interest in the metal as a haven from instability in the wider markets.

On Tuesday, Gold firmed as a ratings downgrade of Greece sparked fears of a worsening fiscal crisis, lifting interest in the metal as a haven from instability in the wider markets.

The press release is quoted as saying:

Spot gold was bid at $1,224.10 an ounce at 1339 GMT, against $1,220.15 late in New York on Monday. U.S. gold futures for August delivery eased 10 cents to $1,224.40.

Click here to access the entire press release

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