30
October
Gold Rises Most in Three Weeks as Dollar's Drop Spurs Demand
30 October 2009 Bloomberg.com
Gold rose the most in three weeks as a sliding dollar increased the metal’s appeal as an alternative investment.
The greenback tumbled for the first time in five sessions against the euro after a report showed the U.S. economy, the world’s biggest, expanded in the third quarter for the first time since June 2008, stoking demand for higher-yielding assets. Before today, gold futures dropped 3.2 percent since Oct. 21 after reaching a record $1,072 an ounce a week earlier.
http://www.bloomberg.com/apps/news?pid=20601116&sid=avuf0SZekwbA
