14
July
Gold Rises in New York, Erasing Early Decline, as Dollar Falls
14 July 2009 Bloomberg.com
Gold rebounded in New York as a drop in the dollar increased demand for the precious metal as an alternative to the U.S. currency.
Gold futures for August delivery rose $2.50, or 0.3 percent, to $915 an ounce at 12:05 p.m. on the New York Mercantile Exchange’s Comex division. Earlier, the price dropped as much as 0.6 percent to $907.40. The U.S. Dollar Index fell as much as 0.2 percent after earlier gaining as much as 0.3 percent.
http://www.bloomberg.com/apps/news?pid=20601012&sid=am1klI9FDMo4
