26
November
Gold Sets Third Record on Sri Lanka Purchase, Dollar’s Decline
26 November 2009 Bloomberg.com
Gold fell for the first time this week in London as a stronger dollar prompted investors to sell the metal after it reached a record. Other precious metals slid.
Bullion earlier rose to an all-time high for the third time this week. Sri Lanka purchased 10 metric tons from the International Monetary Fund for about $375 million, the IMF said yesterday, following India, Russia and Mauritius in the rush for gold. The metal slipped after the U.S. Dollar Index rebounded from a 15-month low.
http://www.bloomberg.com/apps/news?pid=20601013&sid=aPiDOLkPudkk
