9
December
Gold May Rise on Weaker Dollar, Government Buying, Survey Shows (GoldCore Quoted)
9 December 2009 Bloomberg.com
Gold may advance on speculation investors and central banks will buy the metal as an alternative to a weakening dollar, a survey showed.
Nineteen of 24 traders, investors and analysts surveyed by Bloomberg, or 79 percent, said bullion would gain next week. Five forecast lower prices. Gold for delivery in February rose as high as a record $1,227.50 an ounce in New York yesterday and was up 3 percent this week at $1,210.90 at noon local time.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSk.OgOI_KfA
