25
January
Gold up, nears $1,100 as dollar dip
25 January 2010 MSN
Gold rose on Monday to around $1,100 per ounce after the dollar edged down, helping bullion come off a one-month low hit in the previous session when commodities dipped on President Barack Obama's proposal to limit financial risk-taking.
Obama's plans to restrict banks or financial institutions from associating with a hedge fund or a private equity fund, which was unveiled on Thursday, caused stocks, the dollar and commodities to tumble.
