10.11.2008 - Precious metals prices rise on bargain buying
From Agweekly.com: Gold and other precious metals prices rose Monday as bargain-hunting investors trickled back into the beaten-down commodities market. Grain prices also rose, while energy futures fell. Precious metals and other commodities were hit hard in October by a strengthening U.S. dollar. Investors tend to buy commodities as a hedge against inflation when the dollar is weak and sell those investments when the greenback rises.Gold for December delivery rose $8.60 to $726.80 an ounce on the New York Mercantile Exchange, after rising as high as $739.50 earlier in the session..... Full Article: Source