8
October
Gold Rises to Record for Third Day on Outlook for Weaker Dollar
8 October 2009 Bloomberg.com
Gold gained to a record for a third day in London and New York as demand increased on a weakening dollar and concern that inflation will accelerate.
Bullion will probably top $2,000 an ounce in the next decade, according to investor Jim Rogers. The U.S. Dollar Index, a six-currency gauge of the greenback’s value, slipped to a two- week low as signs of a global economic recovery boosted demand for higher-yielding assets. The measure has shed 6.5 percent this year as bullion heads for a ninth annual gain. Silver and palladium rose to the highest prices in more than a year.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aGwuItEo1Anc
