Gold Rallies to New 2010-High as Investors Doubt Effectiveness of the Bailout Plan

Comex gold price rallies to a new 2010-high at 1219.4, one more step closer to record high of 1227.5 made in December, as fears over sovereign crisis resurfaces. Moody's said it may cut Greece's rating to 'junk' in the coming month amid 'dismal' economic prospect. Silver also grinds higher to 18.6 while PGMs reverse gains.

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Gold Rallies to New 2010-High as Investors Doubt Effectiveness of the Bailout Plan

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