11
January
Gold Advances to One-Month High as Dollar's Drop Spurs Demand
11 January 2010 Bloomberg.com
Gold rose to a one-month high in London as a weaker dollar increased demand for the precious metal as an alternative investment. Platinum reached the highest price in 17 months.
The U.S. Dollar Index, a six-currency gauge of the strength of the greenback, slid as much as 0.7 percent after a report yesterday showed China’s exports rose for the first time in 14 months and imports reached a record in December, reviving risk appetite. Bullion, which usually moves inversely to the dollar, rose 24 percent last year as the index fell 4.2 percent.
http://www.bloomberg.com/apps/news?pid=20601116&sid=aOsTtcRZnbHs
