Gold Rises on Demand for Haven From Beleaguered Currencies
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Gold rose for the third straight day as volatility in the currency markets boosted demand for the precious metal as an alternative investment.
The euro fell to a three-week low against the dollar on speculation that Greece’s sovereign-debt crisis will worsen as talks over another aid package stalled. The greenback has dropped 12 percent in the past year against a basket of major currencies. Gold priced in British pounds rose to a record today.