11
September
Gold Heads for Fourth Weekly Gain as Dollar’s Drop Fuels Demand
11 September 2009 Bloomberg.com
Gold climbed above $1,000 an ounce for the third day this week, poised for a fourth weekly advance as a declining dollar bolsters demand for the precious metal as an alternative investment.
Bullion traded near the highest since March 2008 as deficit spending by governments around the world erodes the value of paper currencies relative to gold and commodities. Gold has risen 14 percent this year, while the Dollar Index, a six- currency gauge of the dollar’s value, shed 5.6 percent.
http://www.bloomberg.com/apps/news?pid=20601116&sid=aEb0iQ7AC85s
