20
November
Gold May Advance on Dollar, Inflation Concern, Survey Shows (GoldCore in Bloomberg)
20 November 2009 Bloomberg.com
Gold may advance as investors seek to hedge against a weakening dollar and possible inflation, a survey showed.
Nineteen of 26 traders, investors and analysts surveyed by Bloomberg, or 73 percent, said bullion would rise next week. Five forecast lower prices and two were neutral. The metal for delivery in December was up 1.8 percent this week at $1,137.30 an ounce at noon yesterday in New York.
...
“Concerns about the long-term outlook for the value of fiat currencies and the threat of inflation are leading many investors and savers” to gold as a store of value, GoldCore Ltd., a brokerage in Dublin, said yesterday in a note.
http://www.bloomberg.com/apps/news?pid=20601012&sid=a292CPa4G2sY
