5
May
Gold Extends Decline From 2010 Peak as Dollar Strengthens
5 May 2010 Bloomberg.com
Gold, trading little changed in Asia, may decline for a second day as the dollar extended an advance, reducing the appeal of the metal as a haven investment.
Gold for immediate delivery traded at $1,171.25 an ounce at 3:01 p.m. in Singapore, after dropping 0.4 percent earlier. The metal fell from this year’s peak of $1,192.32 yesterday after the dollar rose on European debt concern and a report showing an unexpected jump in U.S. factory orders.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.FgGOQ5HqKo
