20
January
Gold Falls for First Day in Three on Dollar; Platinum Declines
20 January 2010 Bloomberg.com
Gold dropped for the first time in three days in London as a stronger dollar eroded demand for the precious metal as a store of value. Platinum declined from a 17- month high.
The U.S. Dollar Index, a six-currency gauge of the strength of the greenback, rose as much as 0.7 percent on concern Greece’s fiscal problems will slow an economic recovery in the euro zone. Gold typically moves inversely to the dollar, which climbed to a five-month high against the euro.
http://www.bloomberg.com/apps/news?pid=20601012&sid=ahYILjiRGpTM
