10
January
Gold Set for the Longest Losing Run Since 2009 on U.S. Recovery
10 January 2011 Bloomberg.com
Gold dropped for a fourth day in New York, falling to a five-week low, as signs the U.S. economy is recovering and a stronger dollar curbed investment demand. Other precious metals declined. The dollar climbed to the highest level since September against the euro before a U.S. report that may show employers added jobs for a third month. A fourth daily drop for gold futures would be the longest losing streak since May. The metal reached a record $1,432.50 an ounce last month.
