21
December
Gold Climbs as European Sovereign-Debt Concerns Drive Record Fund Holdings
21 December 2010 Bloomberg.com
Gold, little changed in London and New York, may rise for the third straight day on speculation a weaker dollar will boost record investment demand through exchange-traded products.
The U.S. Dollar Index fell for the first time in three sessions against a basket of six major currencies. Gold often moves inversely to the dollar. Gold assets in ETPs rose to a record 2,114.6 metric tons as of yesterday, according to data collected by Bloomberg from 10 providers.
