Gold ticks higher on euro

- March 8th, 2010

On Monday, Gold ticked higher after a firmer euro spurred bargain hunting from investors seeking a safe haven from volatile currencies.

On Monday, Gold ticked higher after a firmer euro spurred bargain hunting from investors seeking a safe haven from volatile currencies.

The press release is quoted as saying:

Gold was at $1,135.90 by 0658 GMT, up $2.10 from New York’s notional close on Friday, when bullion in euro terms jumped to a record of 838.26 euros on buying driven by a sovereign debt crisis in Greece. Palladium rose $2 to $473 an ounce, having risen to around $475 on Friday, its strongest since June 2008, on optimism about global autocatalyst demand and possible near-term tightness.

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