2
November
Gold Heads for Second Monthly Gain in London, Buoyed by Dollar
2 November 2009 Bloomberg.com
Gold, little changed in London today, headed for a second monthly advance as a decline in the dollar buoyed demand for the metal as a hedge against further weakness in the U.S. currency.
The Dollar Index, a gauge of the greenback’s performance against six currencies, is on course for a fourth monthly drop, the worst performance since 2004. The U.S. economy expanded for the first time in more than a year in the third quarter, the Commerce Department said yesterday.
http://www.bloomberg.com/apps/news?pid=20601081&sid=ataphJNiQJdE
