Bullion & Business May 2010 Recap
Euro zone debt turmoil worries were a market fixture during all of May, which tended to lift gold but pressure industrial precious metals, oil and stocks.
The final week of the month saw some stabilization. Commodities rose as a group as did world stocks, with the exception of the Dow which retreated 0.56 percent.
For the month of May, however, only gold shined as safe-haven buying lifted the yellow-metal 2.9 percent in New York and 2.4 percent in London. Silver fell modestly, but other metals were pulverized — platinum and palladium by double digit percentages. In other markets, crude tumbled 14.1 percent and major world indexes fell between 3.09 percent and 8.29 percent. The Dow ended its worst May in 70 years.
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