28
January
Gold May Extend Decline as Dollar Gain Curbs Investment Demand
28 January 2010 Bloomberg.com
Gold rose from a five-week low in London as the dollar’s rally halted, increasing the metal’s appeal as an alternative asset, and equities rebounded.
The dollar was little changed against the euro after climbing as much as 0.6 percent. European stocks gained as U.S. President Barack Obama called on Congress to approve tax cuts and spending to spur growth. Gold, which usually moves inversely to the greenback, lost 1.7 percent in the past week as the Dow Jones Stoxx 600 Index of European shares fell 2.3 percent.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aA3PKurzOP00
