21
October
Gold ends higher as stocks sink, dollar firms (GoldCore Quoted)
21 October 2009 MarketWatch
Gold finished slightly higher after a volatile session, as the dollar hovered near 14-month lows and crude oil futures touched a new high for the year above $80 a barrel.
Gold for December delivery rose 50 cents, or 0.05%, to end at $1,058.10 an ounce on the Comex division of the New York Mercantile Exchange. It earlier rose to a high of $1,066.20 an ounce. The thinly traded October contract also gained 0.05% to finish at $1,057.80.
...
Analysts at GoldCore believe that any dip in gold prices will be short-lived.
"Buying of physical remains robust on all price dips and this bodes well for further record highs in the short term," said Daniel Stokes, analyst at GoldCore, in a note.
http://www.marketwatch.com/story/gold-rises-as-dollar-sinks-further-2009-10-20
