12
January
Comex Gold Surges To One-Month High (GoldCore quoted in WSJ)
12 January 2010 Wall Street Journal
Gold futures hit their highest level in a month Monday in reaction to a weaker U.S. dollar and general commodity strength following Chinese import data, with the metal's move accelerating on chart-based buying.
...
"China's commodity imports were larger than expected, and this in conjunction with the cold weather in much of the northern hemisphere led to higher oil prices, contributing to gold's strength," said a daily research note from bullion dealer GoldCore. Rises in oil prices often help gold since large speculators that buy crude often buy other commodities, including metals, at the same time.
http://online.wsj.com/article/BT-CO-20100111-706727.html?mod=rss_Commodities
