Metals – Market Recap – Sep 30,2009

Bloomberg (Reported 9.30.09):
“Sept. 30 (Bloomberg) -- Gold rose in London, heading for the biggest three-month gain in six quarters as the dollar slid, helping to boost demand for the metal as an alternative investment.

The Dollar Index, a six-currency gauge of the greenback’s strength, fell 1.8 percent this month as an improving U.S. economy spurred investment in higher-yielding assets. The country’s worst recession since the Great Depression eased in the second quarter and the economy is probably now in the early stages of recovery, economists said before reports today. ” Gold Heads for Biggest Gain in Six Quarters as Dollar Declines


Reuters (Reported 9.30.09):
“TOKYO, Sept 30 (Reuters) - Gold firmed on Wednesday and was poised to post its best quarterly performance since the first quarter of 2008, helped by dollar weakness and technical momentum.
Spot gold XAU= was at $996.30 per ounce at 0358 GMT, up 0.6 percent against the notional close in New York of $990.70,supported by Wednesday's retreat in the greenback. ” PRECIOUS-Gold firms, eyes best quarter since Q1 2008


NS Futures (Reported 9.29.09):

“The short term trend is expected to remain down…” Full Report