Gold gains on weaker dollar
Thursday, 1 April 2010
LONDON, March 31 (Bloomberg): Gold gained in London, heading for a sixth quarterly increase, as a weaker dollar and improving economy increased demand for the precious metal.
The dollar slipped as much as 0.4 percent against the euro as German unemployment unexpectedly fell in March and before a report that may show US companies added 40,000 jobs this month. Gold typically moves inversely to the greenback. A sixth quarterly gain would be the metal's best performance since 1979.
The dollar slipped as much as 0.4 percent against the euro as German unemployment unexpectedly fell in March and before a report that may show US companies added 40,000 jobs this month. Gold typically moves inversely to the greenback. A sixth quarterly gain would be the metal's best performance since 1979.