Gold rose to a record in London and New York as investors bought the metal to protect wealth from Europe’s financial turbulence and on concern that the economic recovery isn’t as strong as expected……The metal’s “unique property as the ultimate safe-haven currency is making gold an attractive investment,”….. Gold, up 15% this year, is heading for its 10th consecutive annual gain, the longest winning streak since at least 1920. Bullion has outperformed other commodities as global equities slipped, and this month reached all-time highs....read on
Sunday, June 27, 2010
Gold on longest winning streak since 1920
Gold rose to a record in London and New York as investors bought the metal to protect wealth from Europe’s financial turbulence and on concern that the economic recovery isn’t as strong as expected……The metal’s “unique property as the ultimate safe-haven currency is making gold an attractive investment,”….. Gold, up 15% this year, is heading for its 10th consecutive annual gain, the longest winning streak since at least 1920. Bullion has outperformed other commodities as global equities slipped, and this month reached all-time highs....read on
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