19
November
Gold Pares Decline in Asia on Optimism About Investment Demand
19 November 2009 Bloomberg.com
Gold fell for the first time in five days in London as a stronger dollar curbed the metal’s appeal as an alternative investment, spurring sales of bullion after its rally to a record.
The dollar gained as much as 0.8 percent against the euro today. Gold, which typically moves inversely to the greenback, reached an all-time high of $1,152.85 an ounce yesterday. The metal has climbed 29 percent this year as the U.S. currency has dropped 5.9 percent against the euro.
http://www.bloomberg.com/apps/news?pid=20601012&sid=akqZXEHIfSAU
