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Thursday, May 13, 2010

Going for gold: Prices rise as investors pile into safe haven

Investors are going for gold as the Greek debt crisis has forced them to rush to safety en masse, pushing up its price to an all-time high.
Gold is one of the most popular asset classes for investors when markets start to dive, along with Government bonds.
And the chances of Greece reneging on its debts has thrown a shadow over the stability of most eurozone economies and investors have lost faith in Governments as a result.
All time high: Investors have been piling into gold as the financial markets reel from the eurozone debt crisis
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