Wednesday, December 23, 2009

Gold Rises from Seven-Week Low as Dollar Retreats – 12/23/2009

by Bullion Prices Staff on December 23, 2009

New York gold futures climbed 0.7% on Wednesday as the US dollar stumbled following a report of lower than expected new home sales — down 11.3% in November, according to the Commerce Department. Crude oil surged to above $76 a barrel, which was also supported gold’s rise. The yellow metal tends to follow oil and […]