14
April
Gold May Climb as Dollar Weakens; Palladium Soars to 2008 High
14 April 2010 Bloomberg.com
Gold climbed, snapping a two-day decline, as the dollar weakened, improving the metal’s appeal as an alternative investment. Palladium soared to the highest price since March 2008.
Gold for immediate delivery rose 0.6 percent to $1,157.63 an ounce at 1:58 p.m. in Singapore. The Dollar Index, a six- currency gauge of the dollar’s value, fell for a fourth day on expectations that the U.S. Federal Reserve will keep interest rates low.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aO6Us4yoLO3k
