24
June
Gold May Advance as Dollar Drop Increases Investment Demand
24 June 2009 Bloomberg.com
Gold, little changed in early Asian trading, may rise as a weaker dollar revives demand for the precious metal as an alternative investment. Silver gained.
The dollar yesterday dropped as much as 1.8 percent versus the euro, the most since May 8, on speculation the Federal Reserve will today signal it intends to refrain from raising interest rates. Gold typically moves inversely to the dollar.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aT4_Npwquh.c
