4
August
Gold Declines as an Advance to Two-Month High Spurs Selling
4 August 2009 Bloomberg.com
Gold declined on speculation that the metal’s rise to an almost two-month high may cause investors to sell some of their holdings.
Bullion, which touched $962.51 an ounce yesterday, the highest since June 10, snapped a three-day gain as the dollar rebounded against a basket of six major currencies from a 10- month low. A stronger U.S. currency saps demand for commodities priced in dollars.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.InMg0mu3F8
