27
January
Gold Advances on Speculation Dollar to Decline; Silver Rallies
27 January 2010 Bloomberg.com
Gold, little changed in London today, may decline as a stronger dollar curbs the metal’s appeal as an alternative asset and some investors sell bullion to cover losses in equity markets.
The dollar gained as much as 0.4 percent against the euro, reaching the highest level since July 30, while European and Asian stocks declined on mounting concern that China and the U.S. will accelerate plans to unwind stimulus measures as their economies rebound. Gold typically moves inversely to the dollar.
http://www.bloomberg.com/apps/news?pid=20601012&sid=a7rXcb3p187Q
