14
December
Gold Advances in London as Weaker Dollar Spurs Investor Demand
14 December 2009 Bloomberg.com
Gold rose in London as a weaker dollar spurred investors to buy bullion to hedge against further declines in the currency.
The U.S. Dollar Index, a measure against six counterparts, fell as much as 0.4 percent after Abu Dhabi pledged to bail out Dubai. Gold, which typically moves inversely to the dollar, dropped to four-week low of $1,109.55 an ounce on Dec. 11, as the dollar climbed to a two-month high against the euro.
http://www.bloomberg.com/apps/news?pid=20601091&sid=aVZusQBj2hAo
