Gold Advances in New York as Weaker Dollar Spurs Investor Demand - Businessweek: "By Nicholas Larkin and Phoebe Sedgman
Feb. 13 (Bloomberg) -- Gold rose in New York as a weaker dollar spurred demand for the metal as an alternative investment.
The euro climbed against the dollar after Greek Prime Minister Lucas Papademos won approval from parliament for austerity measures needed to receive a second aid package. Hedge funds and other money managers increased bets that U.S. futures will gain by 8.6 percent in the week ended Feb. 7, Commodity Futures Trading Commission data show."
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