5
January
Gold Extends Biggest Rally in Two Months as Dollar Declines
5 January 2010 Bloomberg.com
Gold extended its biggest rally in two months as the dollar declined, boosting demand for the precious metal.
The U.S. currency weakened against a basket of six counterparts after Federal Reserve Governor Elizabeth Duke said “moderate” economic growth is likely to warrant low interest rates for an “extended period.” Gold rallied 24 percent in 2009 as investors hedged against a declining dollar.
http://www.bloomberg.com/apps/news?pid=20601116&sid=aG.XgXzJh3ng
