14
September
Gold Advances After Dollar Drop; `Cheaper' Silver Trades at 30-Month High
14 September 2010 Bloomberg.com
Gold climbed in London as a weakening dollar boosted demand for the precious metal as an alternative investment. Silver advanced to a 2 1/2 year high and palladium reached a four-month high.
The dollar was little changed at a one-week low after yesterday dropping 1.6 percent against the euro, the biggest decline in almost two months. Gold, which typically moves inversely to the greenback, last week reached a two-month high of $1,262.45 an ounce and is trading 1 percent below a record.
