Friday, November 13, 2009

Gold futures up slightly as dollar gives back some gains

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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Gold futures on Friday gained back some ground from the previous session, as the U.S. dollar fell ahead of key U.S. consumer sentiment data later in the session.

News that Vietnam has lifted its ban on gold imports also contributed to the gains, according to analysts at GoldCore.

This "will add fresh impetus and demand into a historically pro-gold region," they wrote in a note. With a volatile dollar, "gold should hold above the $1,000 an ounce level, gather fresh investors and continue its bull run."
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