Gold Gains for Fifth Day as Dollar’s Drop May Spur More Demand

Bloomberg reported that demand for an investment haven pushed gold prices up for the fifth consecutive day.

As quoted in the market news:

The dollar fell to a record against the yen and declined against the euro after European leaders agreed to expand a bailout fund by four or five times, to about 1 trillion euros ($1.4 billion). Gold has climbed 23 percent this year as the dollar fell 5.7 percent against the euro.