Gold Maintains Solid Gains, Close to All-Time High

By Jim Wyckoff

11 May 2010, 10:41 a.m.

Comex gold futures came within a couple dollars an ounce of scoring a fresh all-time record high Tuesday morning. June Comex gold hit a high of $1,225.20 Tuesday, which is just shy of the record high of $1,227.50, basis nearby futures, hit in December of 2009. June gold last traded up $17.70 at $1,218.50. Gold continues to benefit from safe-haven buying interest amid the European Union's sovereign debt crisis that just will not fade into the background.