Gold trades at record prices on recession worries

Date: Tue, 08 Jun 2010 12:00:56 -0400

GOLD TRADES AT RECORD PRICES ON RECESSION WORRIES
Gold futures probe record territory, pushing toward $1,250 an ounce.

STRIKES IN SPAIN, PROTESTING CUTS, GET UNDERWAY
A 24-hour strike called by Spain's biggest trade unions got underway
on Tuesday.

FITCH WARNS OF 'FORMIDABLE' U.K. FISCAL CHALLENGE
Britain faces a "formidable" challenge in putting its public finances
in order, Fitch Ratings said Tuesday, urging the country's new
government to speed up deficit cuts.

BERNANKE, EUROPEAN AID PLAY TUG OF WAR ON DOLLAR
The euro regains some lost ground against the U.S. dollar Tuesday, but
analysts warn of the potential for further weakness.

EUROPE DECLINES AS INVESTORS REFOCUS ON DEBT
European shares declined on Tuesday, pulling back from early gains,
with banks under pressure and Tesco and Munich Re trading with losses.