23
June
Gold Rises on Bets Dollar to Drop, Spur Metal's Investor Appeal
23 June 2010 Business Week
Gold rose on speculation that the dollar will ease, boosting demand for the precious metal as an alternative investment. Platinum rose, capping the longest rally in two months.
The dollar fluctuated against a basket of six major currencies. The euro has climbed 3.3 percent from a four-year low on June 7 as European-debt concerns abated. Yesterday, gold futures reached a record $1,266.50 an ounce. The metal has gained 13 percent this year.
