17
June
Gold, Little Changed in Asia, May Advance as Dollar Weakens
17 June 2009 Bloomberg.com
Gold, little changed in Asia, may rise as the dollar’s rally halted, raising demand for the precious metal as a haven investment.
Bullion has fallen 1.9 percent in the past week as the Dollar Index, a six-currency gauge of the greenback’s value, added 0.9 percent in the same period. Assets held by the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, have remained unchanged at 1,132.15 metric tons since June 5, according to figures on the company’s Web site.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaxtdvUufZck
