5
October
Gold May Climb as Dollar, Equity Drop Boosts Investment Demand
5 October 2009 Bloomberg.com
Gold, little changed in London today, may rise for a second day as a weaker dollar boosts demand for the precious metal as an alternative investment.
The dollar fell as much as 0.5 percent against the euro after Group of Seven finance chiefs refrained from calling for measures to stop the U.S. currency’s decline. The metal, which has gained in six of the past seven weeks, tends to rise when the dollar weakens.
http://www.bloomberg.com/apps/news?pid=20601012&sid=a3LRBR.wR9y4
