Gold ticks higher on euro
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.
Click here to access the entire press release
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Mon, Mar 8, 2010
Post by Anne Bagchi, Gold Researcher