16
September
Gold May Climb to Record as U.S. Currency Drops, Boosting Metal's Appeal
16 September 2010 Bloomberg.com
Gold fluctuated near a record in London as a weakening dollar spurred demand for the metal as an alternative investment. Silver rose to the highest price since March 2008.
The dollar fell to a five-week low against the euro today. Gold, which usually moves inversely to the greenback, is trading 0.5 percent below a record $1,274.95 an ounce set Sept. 14. A U.S. report today on jobless claims may add to evidence that growth in the world’s largest economy is slowing, according to a Bloomberg survey of economists.
