Friday, October 30, 2009

Gold May Fall Next Week as Stronger Dollar Curbs Demand, Survey Shows

(Bloomberg) -- Gold may decline as a stronger dollar curbs demand for the metal as an alternative investment, a survey showed. Thirteen of 23 traders, investors and analysts surveyed by Bloomberg, or 57 percent, said bullion would fall next week. Seven forecast higher prices and three were neutral. Gold for delivery in December was down 0.8 percent this week at $1,047.50 an ounce by 12:55 p.m. yesterday in New York, heading for the first weekly decline in five weeks.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aR9_P7asZ3Xs

No comments:

Post a Comment

Kalender Ekonomi & Event


Live Economic Calendar Powered by Forexpros - The Leading Financial Portal