Summary Box: Gold prices hits new record as investors remain cautious of volatile market
By APTuesday, June 8, 2010
Summary Box: Gold prices climb to record high
GOLD RUSH: Gold rose to another record high Tuesday as investors sought safety from volatility in other markets. Gold rose as high as $1,254.50 an ounce early in the day before retreating slightly.
EUROPEAN WORRIES: Gold has remained an investment of choice because of ongoing worries about the health of Europe’s economy. Fitch warned Tuesday that the United Kingdom is facing major fiscal challenges.
COPPER STABILIZES: Copper prices rose modestly after a sharp sell-off in recent days. Traders have been concerned about slowing demand for the industrial metal.
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