20
October
Oil Rises Above $80, Gold Near Record High on Dollar
20 October 2009 Bloomberg.com
Oil rose above $80 a barrel for the first time since October last year in New York while gold traded near an all-time high as the dollar slipped to a 14-month low against the euro, boosting the investment appeal of commodities.
The dollar index, which measures the greenback again six major currencies, fell to its lowest since August 2008, declining 0.4 percent 75.181 at 3:40 p.m. in Tokyo. Other commodities also posted gains, with copper making a six-week high in Shanghai, rubber advancing to the most in a year and corn reaching the highest in three months.
http://www.bloomberg.com/apps/news?pid=20601102&sid=apd0IVKerKUA
