Gold firms as Greece downgrade lifts risk aversion
Investing News Network - 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.