Gold in US trading rose to its highest level since January on Wednesday, rising toward US$1,150 an ounce, as renewed worries over Greece's ability to resolve its debt crisis prompted investors to pile into the metal as a safe haven.
Gold, silver and grain prices rose while energy products retreated.
Greece's borrowing costs rose and its stock market retreated Wednesday. Investors worried that the country would be unable to contain its budget problems and could default on its debt. A Greek default would be a serious blow to the 16-nation euro.
Gold for June delivery rose $17 to settle at $1,153 an ounce.
In other metals, May silver rose 26.8 cents to settle at $18.199 an ounce, while May copper fell 1.95 cents to $3.5975 a pound. Platinum for April delivery rose $18.70 to $1,717.20 and June palladium rose $3.85 to $512.35.
http://www.proactiveinvestors.com.au/companies/news/6280/gold-hits-three-month-high-6280.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment