GOLD 0.51% $1,391.7 gold futures

Yipee!June 8 (Bloomberg) -- Gold rose to a record in London and...

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    Yipee!

    June 8 (Bloomberg) -- Gold rose to a record in London and New York as investors sought an alternative to currencies amid mounting concern over Europes debt crisis.

    Bullion also hit highs in euros, sterling and Swiss francs after the regions common currency yesterday slipped to its lowest level in more than four years against the dollar amid speculation that debt-cutting measures by European nations will slow growth. Holdings in exchange-traded funds backed by gold reached records the past month.

    Read more of this article at: http://www.businessweek.com/news/2010-06-08/gold-advances-to-a-record-in-new-york-london-on-haven-demand.html

    Kitco:



    Time to buy more ALD - its a great looking chart, but DYOR.

 
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