6
April
Gold Drops as Dollar's Gain, Four-Week High Prices Spur Sales
6 April 2010 Business Week
Gold fell in London as a stronger dollar curbed demand for the metal as an alternative investment and as bullion’s climb to a four-week high prompted some investors to lock in gains. Platinum reached a 20-month high.
The dollar gained against the euro for a third day amid concern European countries including Greece will struggle to raise funds to pay off maturing debt. Gold, which yesterday climbed to the highest price since March 8, typically moves inversely to the U.S. currency.
