9
December
Gold Gains After Decline From Record Spurs Demand; Silver, Palladium Rise
9 December 2010 Bloomberg.com
Gold may climb in London as a two-day slump from an all-time high boosts demand from physical traders and investors.
Gold slid 2.9 percent the previous two days after reaching a record $1,431.25 an ounce on Dec. 7. The dollar gained against the euro today before reports that economists said will show U.S. initial jobless claims fell and consumer confidence improved. Gold often moves inversely to the dollar.
