BLBG: Gold Prices Climb in N.Y. as Dollar Falls, Extending 2009 Slide
By Ted Bunker
Oct. 19 (Bloomberg) -- Gold prices rose in New York as the dollar declined, resuming a slide that has driven investor purchases of the metal to preserve value.
Gold futures for December delivery gained $2.30, or 0.2 percent, to $1,053.80 an ounce at 8:21 a.m. on the New York Mercantile Exchange’s Comex unit. The U.S. Dollar Index, a six- currency gauge of the greenback’s strength, slipped as much as 0.3 percent. Before today, the index declined 7 percent this year.
