23
July
Gold Extends Gains in Asia as Demand Boosted by Dollar Weakness
23 July 2009 Bloomberg.com
Gold gained in Asia for a second day as weakness in the dollar bolstered demand for the precious metal as a store of value.
Bullion climbed 0.3 percent yesterday, closing at more than $950 for a second day as the dollar traded near a seven-week low against the euro. The Dollar Index, a six-currency gauge of the dollar’s strength, is little changed after closing yesterday at the lowest since June 3.
http://www.bloomberg.com/apps/news?pid=20601091&sid=a29Qf2.uJTfM
