2010 was dominated by the European sovereign-debt crisis, as Greece and other peripheral economies threatened the very survival of the euro. With confidence in paper currencies shaken, gold drew safe-haven demand from around the world and climbed steadily toward record territory. A second round of US quantitative easing late in the year added fuel. The metal was now within sight of the $1,920 peak it would reach the following autumn.
Key events of 2010
- 2010-05-02
Greek bailout
The eurozone debt crisis erupts; gold draws heavy safe-haven demand.