12
April
Gold Gains as Dollar Declines After Greece Wins EU Aid Package
12 April 2010 Business Week
Gold rose for a sixth day, reaching a four-month high, as a drop in the dollar spurred demand for bullion as an alternative investment. Gold futures in Tokyo reached the highest in almost 27 years.
The precious metal gained as much as 0.7 percent as the Dollar Index fell as much as 1.3 percent, the steepest loss since July 31. The U.S currency weakened as the euro surged to the highest level in more than three weeks after European governments offered Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates.
