14
December
Gold Advances as Demand for Metal as Wealth Protector Sustained
14 December 2010 Bloomberg.com
Gold gained for a second day in London as a weaker dollar boosted demand for the precious metal as an alternative investment.
The dollar fell to a three-week low against the euro on speculation the Federal Reserve may signal today it’s open to increasing debt purchases beyond the $600 billion already announced. Gold, which usually moves inversely to the greenback, reached a record $1,431.25 an ounce on Dec. 7.
