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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.
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| Commodities | |||
|---|---|---|---|
| Gold | 2315.79 | -0.51 | |
| Silver | 27.20 | +0.02 | |
| Copper | 4.49 | 0.00 | |
| Oil | 82.78 | -0.03 | |
| Heating Oil | 2.56 | 0.00 | |
| Natural Gas | 1.67 | +0.01 | |
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