4
January
Gold Advances for Third Day as December Decline Lures Buyers
4 January 2010 Bloomberg.com
Gold rose for a third day in London as a weaker dollar spurred investors to buy bullion after the metal’s biggest monthly drop since October 2008. Palladium climbed to a 17-month high.
Bullion slumped 7 percent last month as the U.S. Dollar Index, a six-currency gauge of the greenback’s value, gained 4 percent. The measure lost as much as 0.2 percent today. Gold, which slipped to a seven-week low on Dec. 22, tends to move inversely to the dollar.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aF6mrYtA3YP0
