Posts Tagged ‘societe general’

Gold reach record levels

Monday, May 17th, 2010

Investors stick to gold as an alternative to the euro. Gold denominated in euro rose to record levels, 994 EUR/ounce, after USD gained over 1 % against the Euro.

Equities drops while funds buy gold

Soc General estimate major exchange traded funds added 46 tons of gold last week. Funds turn into gold as it’s holding the its value and going higher, while equities (more…)