Business Insider Magazine - Los Angeles South Bay » dollar http://www.businessinsider.us/BusinessInsider Business Insider Magazine is Your Business Publication for the Los Angeles South Bay Wed, 14 Dec 2011 05:58:19 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Dollar falls, sending gold to record high http://www.businessinsider.us/BusinessInsider/2009/11/dollar-falls-sending-gold-to-record-high/ http://www.businessinsider.us/BusinessInsider/2009/11/dollar-falls-sending-gold-to-record-high/#comments Mon, 16 Nov 2009 23:57:42 +0000 Editor and Publisher http://www.businessinsider.us/BusinessInsider/?p=663 LONDON (Yahoo News – AFP) – The dollar fell on Monday as China accused the United States of increasing protectionism and following unexpectedly strong Japanese economic growth figures, pushing gold prices to a record high point.

US President Barack Obama is in China for a three-day mission aimed at convincing Beijing that Washington is its partner, not its rival.

As the dollar dropped against the euro and yen, gold struck an all-time peak of 1,133.20 dollars an ounce.

In late morning trading here, the euro climbed to 1.4969 dollars from 1.4918 dollars late in New York on Friday.

Against the Japanese currency, the ... Continue Reading

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