20
July
Gold Gains for Second Day in Asia as Oil Climbs, Dollar Drops
20 July 2009 Bloomberg.com
Gold gained for a second day in Asia as higher oil prices and a weaker dollar prompted investors to seek the precious metal as a store of value.
Oil rose for a fourth day as equities advanced and a weaker dollar encouraged investment in commodities. The dollar traded near a two-week low versus the euro on speculation European and U.S. reports this week will show the global recession is easing, sapping demand for the U.S. currency as a refuge.
http://www.bloomberg.com/apps/news?pid=20601100&sid=a498dcAs3I1Q
