12
January
Gold May Extend Advance to One-Month High After Dollar Declines
12 January 2010 Bloomberg.com
Gold, trading little changed in Asia, may reach its highest level in more than a month on speculation the dollar will continue to weaken, fueling demand for the precious metal. Platinum climbed to a 17-month high.
The dollar fell as much as 0.9 percent against a six- currency basket yesterday on speculation the Federal Reserve will keep interest rates low to spur a recovery in the world’s largest economy. Gold typically moves inversely to the dollar.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aVZV8z.NbYy0
