14
October
Gold futures extend rally as U.S. dollar sinks
14 October 2009 MarketWatch
Gold futures extended their rally into Asian trading on Wednesday, finding continued support after the U.S. dollar hit a fresh 14-month low, increasing investment demand for the precious metal.
"Gold's move is all about the demise of the dollar," said Cameron Peacock, a market analyst at IG Markets in Melbourne.
Gold for October delivery, the thinly traded front-month contract, was up $2.90 at $1,067.10 an ounce in electronic trading on Globex by Wednesday afternoon in Tokyo.
http://www.marketwatch.com/story/gold-futures-extend-rally-as-us-dollar-sinks-2009-10-14
