Gold Rebounds From Eight Week Low on Demand for Haven After Euro Declines July 20, 2010 – Posted in: Press
By PHAM-DUY NGUYEN Published: Tuesday, July 20, 2010 Bloomberg News Gold futures rebounded from the lowest price in eight weeks on demand for a haven from weakening currencies. The euro fell as much as 0.8 percent on renewed debt concerns in Europe. Gold surged to a record $1,266.50 on June 21 and also reached all-time highs last month in euros, U.K. pounds and Swiss francs. Earlier today, the metal touched $1,175.10 an ounce, the lowest…
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