16
September
Gold, Up 30% From Lehman Demise, May Advance as Dollar Declines
16 September 2009 Bloomberg.com
Gold, little changed in Asian trading, may climb as a weakness in the U.S. dollar causes investors to preserve their wealth.
Gold has rallied 30 percent since the demise of Lehman Brothers Holdings Inc. a year ago and silver jumped 49 percent as investors bought precious metals to shield their wealth from a global financial crisis that led to $1.62 trillion in losses and writedowns by financial institutions. Gold may climb to as high as $1,100 an ounce in the next six months, researcher GFMS Ltd. said yesterday.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aq9rpuAfkLto
