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Gold erases year's gains

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Gold erases year's gains

Post by Dirtbikepilot on Mon May 14, 2012 11:19 pm

Gold erased its gains for this year as concern that Europe's debt
crisis is deepening strengthened the dollar and cut gold's appeal as an
alternative asset. Other precious metals also declined.


The US dollar climbed to a three-month high versus the
euro as a leadership vacuum in Greece prompted European officials to
weigh prospects for the currency union's first-ever departure of a
member state.


Read more: http://www.smh.com.au/business/markets/gold-erases-years-gains-20120515-1ynlk.html#ixzz1usx2jtT7
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Dirtbikepilot

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