Also helping gold, holdings in the biggest gold exchange-traded fund rose in the previous session, and crude oil rose above $70 a barrel, raising gold's appeal as a hedge against potential inflation.
Monday, October 5, 2009
GOLD CHARGING; OIL FOLLOWING
Gold futures rose Monday for a second session, up more than 1% as the U.S. dollar continued to fall against most rival currencies, boosting gold's investment appeal.
Also helping gold, holdings in the biggest gold exchange-traded fund rose in the previous session, and crude oil rose above $70 a barrel, raising gold's appeal as a hedge against potential inflation.
Also helping gold, holdings in the biggest gold exchange-traded fund rose in the previous session, and crude oil rose above $70 a barrel, raising gold's appeal as a hedge against potential inflation.
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