Gold Has Longest Rally in Five Weeks After Dollar Declines

- January 13th, 2011

Bloomberg.com reports that Gold enjoyed its’ longest rally in the past five weeks, pushed ahead by a declining dollar

Bloomberg.com reports that Gold enjoyed its’  longest rally in the past five weeks, pushed ahead by a declining dollar.

The story is quoted as saying:

The dollar fell as much as 1.9 percent against the euro after European Central Bank President Jean-Claude Trichet signaled the bank is willing to raise interest rates to fight inflation. Gold rallied 30 percent in 2010 as the Europe and the U.S. kept borrowing costs low to revive the economy.

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