25
June
Gold rises as China eyes bullion
25 June 2009 The Age
Gold rose 0.5 per cent on Thursday on improving technical charts and after a researcher from China's ruling party called on the world's sixth biggest sovereign gold holder to buy more bullion to hedge against the US dollar.
But advances were limited as the greenback held most of its gains made after the Federal Reserve signalled on Wednesday it would not change its policy steps to support the economy.
Spot gold stood at $US935.00 per ounce in afternoon trade, up 0.4 per cent from the notional close in New York of $US931.10.
http://business.theage.com.au/business/markets/gold-rises-as-china-eyes-bullion-20090625-cxrn.html
