23
October
Gold Set for Fourth Weekly Gain as Dollar Weakness Lifts Appeal
23 October 2009 Bloomberg.com
Gold, little changed today in Asia, is on track for a fourth weekly gain as a weaker dollar boosted investor demand for the precious metal as a store of value.
Bullion is up 0.8 percent this week as Dollar Index, which tracks the greenback against the currencies of six trading partners including the euro and yen, slid 0.8 percent. Some investors buy gold as a hedge against a declining U.S. currency.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXGI2eVXJEY4
