Tuesday, 4 May 2010

Greek crisis pushes gold to record high

Investors seek traditional safe haven amid fears turmoil will spread and the €110bn rescue deal for Greece will not be enough

Gold prices hit record highs today as investors flocked to the precious metal as a safe-haven investment on enduring fears Greece's woes are still not contained.

As markets remain on alert for signs that Greece's fiscal problems will spill over into other countries within the eurozone, sterling-priced bullion hit a high of £783.33 an ounce and gold also set records in euros and Swiss francs. Spot gold in dollars hit $1,188.86 an ounce, the highest since early December. more...


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