18
August
Gold May Decline as Rally to Six-Week High Triggers Selling by Investors
18 August 2010 Bloomberg.com
Gold, little changed in London today, may decline as bullion’s rally to a six-week high and a stronger dollar prompt some investors to sell the metal.
The dollar gained against the euro amid speculation the economy may be slowing enough for the Federal Reserve to increase bond purchases. Gold, which usually moves inversely to the greenback, reached $1,229.07 an ounce yesterday, the highest price since July 1.
