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'weaker dollar as gold gains on Dubai Debt Deal' spot gold

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weaker dollar as gold gains on Dubai Debt Deal

-- spot gold

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12/14/09 12:06

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weaker dollar as gold gains on Dubai Debt Deal

The ten billion dollar bailout of Abu Dhabi's for Dubai had sent investors out of the United States dollar and into supporting gold.~~

From bargain hunting, after recent declines, this would also be very much beneficial. It is surely surprising to say the least.

Up by five dollars and thirty cents at one thousand, one hundred and twenty five dollars and twenty cents per ounce, in recent trading on the Comex division of the New York Mercantile Exchange, were gold futures of February, said to be at a Benchmark level.

Link: Spot Gold Bounces - WSJ.com

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