4
December
Gold Falls a Second Day as Record Price, Dollar Rise Spur Sales
4 December 2009 Bloomberg.com
Gold fell for the first time this week in New York as the dollar’s decline halted, prompting some investors to sell the metal after its rally to a record.
The U.S. Dollar Index, a six-currency gauge of the greenback’s value, added as much as 0.3 percent today. The measure has dropped 8.1 percent this year as gold futures have advanced 36 percent. Futures, which typically move inversely to the dollar, reached a record $1,227.50 an ounce yesterday.
http://www.bloomberg.com/apps/news?pid=20601116&sid=ajRE33mL9Iug
