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Gold posts biggest gain in seven weeks as dollar pares gains

Posted on 05 December 2013

Gold posted the biggest jump in seven weeks as the dollar pared gains and commodity prices advanced, led by crude oil, renewing demand for an inflation hedge.
The Bloomberg U.S. Dollar index traded little changed after rising as much as 0.3 percent against a basket of currencies. The Standard & Poor’s GSCI Spot Index of 24 raw materials rose as much as 0.6 percent, the third straight advance, and crude oil in New York climbed to a five-week high………………………………………..Full Article: Source


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