Energy, materials pace U.S. gains; dollar declines

Date: Mon, 23 Nov 2009 12:00:54 -050

Energy, materials pace U.S. gains; dollar declines

U.S. stocks remain higher midday, as cheer over a bigger-than-expected
jump in home resales and a statement from a Federal Reserve member
push the Dow Jones Industrial Average to new intraday highs for the
year.am

NEW GOLD BUGS TAKING GOLD MAINSTREAM

Gold has long been favored by a fringe of the investment world, but
this year some of the world's leading hedge-fund managers have loaded
up on the precious metal amid concern government efforts to avoid
another Great Depression that could undermine major currencies and
fuel rampant inflation.

NEW GOLD BUGS TAKING GOLD MAINSTREAM

Gold has long been favored by a fringe of the investment world, but
this year some of the world's leading hedge-fund managers have loaded
up on the precious metal amid concern government efforts to avoid
another Great Depression that could undermine major currencies and
fuel rampant inflation

GOLD RALLIES TO FRESH HIGH ON DOLLAR, IRAN

Gold futures rally to a new high as dollar weakness as well as
escalating tensions between Iran and the west boost gold's appeal as a
safe-haven asset and a hedge against inflation.

GOLD WATCHERS DIVIDED ON FUTURE OF RALLY

While many gold watchers warn that the metal may be rising to high too
ffst, thers say the gains still have a long way to go.