9
July
Gold Climbs From Two-Month Low in Asia as Commodities Rebound
9 July 2009 Bloomberg.com
Gold advanced from a two-month low in Asia as commodities rebounded and the dollar fell against the euro, boosting demand for the metal as a hedge against rising consumer prices.
Bullion, which dropped to $905.10 an ounce yesterday, the lowest since May 6, climbed on inflation expectations as the U.S. government considers more stimulus measures to revive the world’s largest economy. The dollar fell for the first time in six days against a basket of six currencies.
http://www.bloomberg.com/apps/news?pid=20601081&sid=aNZk3VyK6G8s
