Gold Consolidates Near Record Highs
June 30, 2010 by goldguru · Leave a Comment
Mark O’Byrne submits:
Gold: Risk aversion led to falls in equity and commodity markets yesterday but gold again managed to eke out a 0.5% gain. The complacency of recent months is being challenged by a raft of negative data and by increasingly precarious fundamentals. Concerns about Chinese and global economic growth and about the European banking system and sovereign debt are leading to continuing diversification into gold.
Gold is currently trading at $1,244/oz and in euro, GBP, CHF, and JPY terms, at €1,013/oz, £828/oz, CHF 1,344/oz, JPY 110,343/oz respectively.
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