Falling Dollar Pushes Gold up

Bloomberg reported that gold futures climbed in Friday trading as the dollar fell, and investors flocked to precious metals.

As quoted in the market report:

The greenback fell to a three-week low against a basket of major currencies as data showed German business confidence rose in November and speculation mounted that Europe’s policy makers will agree to keep aid flowing to Greece. Gold reached a five- week high.

To view the whole Bloomberg report, click here.