8
March
Gold Climbs for Second Day as Weaker Dollar Boosts Commodities
8 March 2010 Business Week
Gold gained for a second day in Asian trading as a weaker dollar made commodities priced in the U.S. currency more attractive to investors.
Gold for immediate delivery gained as much as 0.3 percent to $1,137.73 an ounce and traded at $1,137.43 at 3:55 p.m. in Singapore. The dollar dropped for a second day against a basket of six currencies, including the euro and yen, before data today that economists said will show German industrial output expanded, adding to signs the region’s economy is rebounding.
