23

June

Gold Declines for Second Day in Asia on Commodities, Dollar

23 June 2009 Bloomberg.com

Gold dropped for a second day as commodities tumbled and the dollar rallied, eroding demand for the precious metal as an alternative investment.

Gold for immediate delivery traded at $916.07 an ounce at 11:09 a.m. in Singapore after earlier touching $913.24, the lowest since May 12.

http://www.bloomberg.com/apps/news?pid=20601012&sid=a.YfcBM__d3w

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