28
July
Gold Gains in Asia, Reverses Drop, as Dollar Near 7-Week Low
28 July 2009 Bloomberg.com
Gold gained in Asia, reversing an earlier decline, as the dollar traded near the lowest level in seven weeks against the euro and rising stocks and positive economic data spurred inflations concerns.
Bullion rose for a third day as acceleration in China’s economic growth and better-than-expected U.S. earnings have helped to propel the MSCI Asia Pacific Index, which rose for an 11th consecutive day. An upturn in crude oil also fueled interest in the precious metal.
http://www.bloomberg.com/apps/news?pid=20601091&sid=at76rEndzuFM
