11
December
Gold rises towards $1,140 as dollar steadies
11 December 2009 Reuters
Gold prices rose toward $1,140 an ounce on Friday as the dollar steadied after snapping a four-day losing streak the day before, when investors returned to buy bullion following its fall from record highs hit last week.
Spot gold marked a one-month low below $1,120 per ounce earlier this week and looks set for a weekly loss of 2.4 percent if prices stay at current levels, which put it 8 percent below the record high reached last week.
