15
December
Gold May Advance in New York as Weaker Dollar Spurs Demand
15 December 2009 Bloomberg.com
Gold, little changed in New York today, may rise as a weaker dollar spurs investors to buy bullion to hedge against further declines in the currency.
The U.S. Dollar Index, a measure against six counterparts, fell as much as 0.4 percent after Abu Dhabi pledged to bail out Dubai. Futures, which typically move inversely to the dollar, dropped to four-week low of $1,110.20 an ounce on Dec. 11, as the dollar climbed to a two-month high against the euro.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVZusQBj2hAo
