Monday, November 16, 2009

Gold May Rise on Dollar, Central-Bank Speculation, Survey Shows

(Bloomberg) -- Gold may advance to a record on speculation investors and central banks will buy the metal as an alternative to a weakening dollar, a survey showed. Eighteen of 19 traders, investors and analysts surveyed by Bloomberg, or 95 percent, said bullion would rise next week. One forecast a lower price. The metal for delivery in December was up 1.3 percent this week at $1,109.80 an ounce at noon yesterday in New York.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUm8fp0KSTr8

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