Pham-Duy Nguyen, Bloomberg News Published: Saturday, April 10, 2010
Gold climbed to the highest price since December yesterday as investors sought an alternative to holding currencies.
The U.S. dollar fell as much as 0.8% against a basket of six major currencies. The euro headed for a weekly loss against the greenback on mounting speculation that Greece will default on its debt. Gold priced in euros and Swiss francs reached record highs. Investment in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, climbed to a record. LINK...
