Gold falls back from record high

Gold dipped from a record high yesterday but remained in demand by investors seeking safety from market volatility triggered by fears Europe's debt crisis could spread to France, and oil fell. Copper bucked the trend, rising on growth prospects in China, the world's largest consumer of the metal. Spot gold touched an all-time peak of $1,813.79, (Dh6,662.41) before easing to $1,778, but was supported by investor anxiety that major economies are in deep trouble. All commodities remain under pressure, with investors unwilling to take long-term bets in markets that have whip-sawed for weeks.