Monday, December 14, 2009
Gold rises as Dubai bailout hits dollar
By Moming Zhou & Myra P. Saefong, MarketWatch
NEW YORK (MarketWatch) -- Gold futures edged higher Monday, bouncing back from their one-month low as the U.S. dollar fell after Abu Dhabi pledged to bail out Dubai, boosting gold's investment appeal.
Investors also await this week's Federal Reserve's monetary policy meeting and a string of U.S. economic data, including figures on industrial production Tuesday and the consumer price index Wednesday.
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