4
May
Gold Trades Near Five-Month High on Europe, Currency Concerns
4 May 2010 Bloomberg.com
Gold prices dropped in London for the first time in four sessions as gains in the value of the dollar may curb demand for the metal as an alternative investment.
The dollar climbed against the euro as Greek government workers began the first day of a 48-hour strike against budget cuts. Gold usually moves inversely to the dollar and has also benefited as investors sought a hedge against losses in European debts and currencies.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aysTBNGulSTQ
