Gold Tops $1,600 an Ounce as Debt Fears Simmer
Reuters (Monday, July 18) - Gold prices rallied to record highs above $1,600 an ounce in Europe on Monday, as investors spooked by the euro zone debt crisis and the threat of a U.S. default bought into the metal as a haven from risk. Risk aversion swept the markets after euro zone stress test results failed to address the potential for a Greek sovereign debt default before a summit in Brussels on Thursday, and as a deadline to raise the $14.3 trillion U.S. debt ceiling loomed.
http://www.cnbc.com/id/43788734
http://www.cnbc.com/id/43788734
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home