Gold 
“Gold May Advance on Dollar, Inflation Concern, Survey Shows
Gold, trading within about 2 percent of a record, may advance as investors seek to hedge against a weaker dollar and possible inflation, a survey showed.
Sixteen of 21 traders, investors and analysts surveyed by Bloomberg, or 76 percent, said bullion would rise next week. Three forecast lower prices, and two were neutral. Gold for delivery in December was down 0.6 percent at $1,014.50 an ounce as of 12:14 p.m. yesterday in New York.
Gold reached an 18-month high of $1,025.80 an ounce yesterday, and is set for a fifth weekly gain as the U.S. Dollar Index reached its lowest level in almost a year. U.S. consumer prices rose 0.4 percent in August, beating economists’ forecasts, while an increase in the country’s housing starts and a decline in first-time jobless claims signaled the economy is pulling out of the worst recession since World War II.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
