Gold hits 2010 high

- April 9th, 2010

On Friday, Gold rose to its highest level this year as a downgrade of Greece’s debt rating refueled fears over the euro zone’s financial stability, prompting buying of the metal as a haven from risk.

On Friday, Gold rose to its highest level this year as a downgrade of Greece’s debt rating refueled fears over the euro zone’s financial stability, prompting buying of the metal as a haven from risk.

The press release is quoted as saying:

Spot gold peaked at $1,161.90, a four-month high, and was bid at $1,160.90 an ounce at 1529 GMT, against $1,150.15 late in New York on Thursday.

Click here to access the entire press release

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