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Wednesday, April 7, 2010

Gold Highest Close in 2010

Gold Closes at highest level in 2010

Gold surged on concerns over the euro, closing the session at $1,153 and ounce, its highest close in 2010. That was a $17 gain for the day.

The safety factor helped major gold companies like Barrick Gold (TSE:ABX), Eldorado Gold (TSE:ELD) and Kinross Gold (TSE:K) make nice gains on the day, led by Eldorado with a huge increase of 7.38 percent.

With little place for those looking for safety to go, gold will continue to battle it out with the U.S. dollar as the safety investment of choice, as the dollar is also suspect, and only looks good when compared with other struggling currencies.

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