Summary Box: Gold surges close to record as investors remain uncertain about health of euro
By APWednesday, May 12, 2010
Summary Box: Gold again rises, approaches record
GOLD SAFETY: Gold surged as investors had second thoughts about whether a nearly $1 trillion bailout package will help protect the euro and boost the continent’s economy.
NEAR RECORD: Gold traded as high as $1,225.20 an ounce Tuesday. That is just $2.30 below its all-time record set in December.
OTHER METALS FOLLOW: Silver, platinum and palladium also all rose as investors sought out alternatives to holding euros or other currencies.
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