Gold May Rise as Weakening Dollar Boosts Demand, Survey Shows (GoldCore in Bloomberg Survey)

25 September 2009  Bloomberg.com

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Gold may climb as investors buy the metal as an alternative to a weakening dollar, a survey showed.

Fourteen of 21 traders, investors and analysts surveyed by Bloomberg, or 67 percent, said bullion would rise next week. Five forecast lower prices and two were neutral. Gold for delivery in December fell 1.1 percent this week to $999.20 an ounce by 12:30 p.m. yesterday in New York.

http://www.bloomberg.com/apps/news?pid=20601102&sid=aBqQl8Ls2PIM