24
November
Gold Declines From Record in Asia as Rally Encourages Selling
24 November 2009 Bloomberg.com
Gold gained for a third day in London on speculation central banks and investors will continue to purchase bullion.
The metal reached an all-time high of $1,174 an ounce yesterday as the U.S. Dollar Index dropped the most in two weeks and Russia’s central bank said it bought more bullion last month. The International Monetary Fund said it was trying to complete a planned sale of gold as soon as possible. The world’s biggest gold-backed exchange-traded fund yesterday rose to the highest level in almost five months.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2U76uhjLO8U
