15
December
Gold rises as dollar weakens after Dubai bailout
15 December 2009 MarketWatch
Gold futures edged higher Monday, bouncing back from a one-month low as the U.S. dollar fell after Abu Dhabi pledged to bail out Dubai, boosting gold's investment appeal.
The dollar pulled back from its two-month high as the Dubai news alleviated investors' worries over Dubai's debt problems and encouraged them to hold assets denominated in riskier currencies. Investors also await this week's Federal Reserve's monetary policy meeting starting Tuesday. Read more on currencies.
