Wednesday, April 7, 2010

Gold Continues to Rise on Falling Euro

Gold up again on weakening euro

With investors continuing to look for an alternative to the euro, gold is rising in reponse to that increasing demand, rising above $1,150 an ounce today, although standing slightly below it as I write.

This is the fifth session in a row gold has made gains, and it stands at the highest levels it has reached in 2010.

Reports from Europe that its gross domestic product remained flat in the fourth quarter caused investors to seek opportunities elsewhere, with gold being the chief beneficiary.

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