Summary Box: Gold benefits from risk aversion; Platinum, palladium hurt by Greek debt worries
By APFriday, May 7, 2010
Summary Box: Tentative traders look to gold again
GOLD RUSH: Gold continues to benefit from a flight to safety amid turbulence in stocks. The metal has risen for three straight days as stock markets swooned around the world.
OIL LEAK: Oil prices fell again. High-risk assets have been hammered as investors remained concerned that Greek debt problems will spread across Europe and upend a global economic recovery.
PLATINUM, PALLADIUM PULL BACK: Platinum and palladium were again hurt by worries that a slowdown in Europe would cut into demand for the metals, which have several industrial uses.
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