8
December
Gold Gains as Three-Day Decline Lures Investors, Dollar Slips
8 December 2009 Bloomberg.com
Gold gained for the first time in four days in London as a weaker dollar increased the metal’s appeal as an alternative investment.
The dollar slid as much as 0.3 percent against the euro after yesterday climbing to a one-month high. Gold typically moves inversely to the greenback and has added 31 percent this year as the Federal Reserve has held interest rates near zero, contributing to the dollar’s 5.9 percent drop. Central banks in India and other countries have added to bullion stockpiles.
http://www.bloomberg.com/apps/news?pid=20601012&sid=apE4M0I0Hsgg
