18
June
Gold Trades Below $940 in Asia, May Advance on Chart Supports
18 June 2009 Bloomberg.com
Gold, little changed in Asia, may gain after the dollar’s rally this week failed to push prices below their 100-day moving average.
Bullion climbed to a three-month high of $990 an ounce on June 3 as the weakening dollar and slowing equity-market gains prompted investors to seek alternatives. It has slipped 4 percent this month as the dollar index, a six-currency gauge of the greenback’s value, added 1.2 percent in the same period.
http://www.bloomberg.com/apps/news?pid=20601091&sid=aBnx4lB0yQeo
