Gold Dips For Second Straight Day

Gold fell for the second consecutive day, as Fed Chairman Ben Bernanke's comments at a Washington Economic Club meeting eased worries that an interest rate hikes could happen any time soon. Gold for December delivery dipped one half of one percent, or $5.40 an ounce, in New York trading, ending the day at $1,163.40 an ounce.

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Asia Currencies Fall, Led by Rupee, on Bets U.S. Rates to Rise

Dec. 7 (Bloomberg) -- Asian currencies dropped against the greenback, led by India’s rupee and the Singapore dollar, as better-than-forecast U.S. employment data spurred bets the Federal Reserve will raise interest rates next year.

The Bloomberg-JPMorgan Asia Dollar Index, which tracks the region’s 10 most-traded currencies excluding the yen, reached a 14-month high last week after investors took advantage of near- zero U.S. rates to fund investment in higher-yielding assets. A U.S. Labor Department report last week showed the jobless rate in the world’s largest economy unexpectedly declined last month.
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Gold fever spreads to mutual funds

December 6, 2009
BY DAVID ROEDER Sun-Times Columnist
Some investors are quick to invest in gold. Others would never touch the stuff. But whether or not you are a gold bug, you should check on your mutual fund holdings. You might find yourself wading more than bunion-deep in bullion without even realizing it.

With gold cracking $1,200 an ounce and up by more than a third this year, more fund managers are entering the market. Some believe it has more potential to appreciate, while others see it as better than leaving money in the cash drawer.
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