7
September
Gold May Advance With Industrial Metals; Silver Is Near a 2 1/2-Year High
7 September 2010 Bloomberg.com
Gold, little changed in London, may gain as rising prices of other metals boost demand. Silver traded near the highest level in almost 2 1/2 years.
Five of the six main industrial metals on the London Metal Exchange rose, led by zinc, after a report last week showed U.S. employers added more jobs than estimated. The dollar dropped to a two-week low against the euro before rebounding. Gold, which usually moves inversely to the greenback, is trading 1.2 percent below a record.
