Source Pravda.Ru

Gold Trades at Record Highs in Europe

Gold held within reach of record highs in Europe on Friday, supported by haven demand against a backdrop of persistent sovereign risk in Europe and after lackluster U.S. data raised doubts over wider economic recovery.

The precious metal's gains were limited, however, as immediate concern over the euro's outlook were allayed by solid demand at Spanish bond auctions, which calmed peripheral euro zone debt markets, Reuters reports.

The metal, set for an eighth weekly gain in nine weeks, rose to within 0.4 percent of a record $1,252.11 an ounce set last week. U.S. data yesterday showed slowing manufacturing growth and an increase in jobless claims. European Union leaders yesterday agreed to disclose how banks perform on stress tests, seeking to show the financial system can withstand shocks.

Gold has climbed 13 percent this year, outperforming stocks, bonds and many other commodities, amid speculation that debt-cutting measures by European nations will slow growth. The euro has dropped 13 percent against the dollar this year, while the MSCI World Index of equities is down 4.5 percent. Raw materials as measured by the Reuters-Jefferies CRB Index fell 7.1 percent this year, BusinessWeek says.

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

This is a liberation fight from the Soviet EU

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

This is a liberation fight from the Soviet EU
Comments
On the collapse of civility in Western nations: living in the era of 'not nice'
On the collapse of civility in Western nations: living in the era of 'not nice'
Roscosmos contractor steals millions, state secrets and flees to USA
Roscosmos contractor steals millions, state secrets and flees to USA
Russia to ship S-300 to Syria after Il-20 shootdown
How many aircraft and pilots Russia has lost in Syria so far
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Gaddafi's predictions come true as Americans gang rape the world
Russia to ship S-300 to Syria after Il-20 shootdown
Gaddafi's predictions come true as Americans gang rape the world
A glimpse into the past and the future
Russian women to be allowed to work as train drivers and pilots
A glimpse into the past and the future
How many aircraft and pilots Russia has lost in Syria so far
A glimpse into the past and the future
On the collapse of civility in Western nations: living in the era of 'not nice'
NATO to strike Russia through Suwalki Corridor
NATO to strike Russia through Suwalki Corridor
Russia to ship S-300 to Syria after Il-20 shootdown
How many aircraft and pilots Russia has lost in Syria so far