10
December
Gold May Gain on Demand for Currency Alternative, Survey Shows (GoldCore in Bloomberg Survey)
10 December 2010 Business Week
Gold, which reached a record this week, may advance as investors seek an alternative to currencies, a survey found.
Nine of 16 traders, investors and analysts surveyed by Bloomberg, or 56 percent, said the metal will rise next week. Four predicted lower prices and three were neutral. Gold futures for February delivery were down 1.5 percent for this week at $1,384.80 an ounce at 11:30 a.m. yesterday on the Comex in New York. Futures reached a record $1,432.50 on Dec. 7.
