21
April
Gold May Rise Second Day as Inflation Woes Outweigh Dollar Gain
21 April 2010 Bloomberg.com
Gold climbed for a second day as signs of inflation in China, India and other emerging economies help shore up demand for the metal.
Gold for immediate delivery rose 0.3 percent to $1,144 an ounce at 1:39 p.m. in Singapore. China’s banking regulator ordered larger banks to conduct quarterly stress tests on property loans after home prices in 70 cities jumped a record 11.7 percent in March. India yesterday raised interest rates for the second time in a month to curb rising consumer prices.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXtbB6DzgC7w
