14
September
Gold Falls, Ending 2-Day Advance, as Dollar’s Gain Saps Demand
14 September 2009 Bloomberg.com
Gold declined as gains by the dollar and falling oil prices sapped demand for the precious metal as an alternative investment.
Bullion, which typically moves inversely to the dollar, snapped a two-day advance as crude oil dropped to a one- week low and Asian stocks fell. The Dollar Index, a six- currency gauge of the U.S. currency’s value, rose 0.4 percent after six days of declines.
http://www.bloomberg.com/apps/news?pid=20601116&sid=a5.RGUbI.If4
