Gold gains as the dollar weakens and the economic outlook looks uncertain

prompting some investors to shift money into precious metals as a safe haven

prompting some investors to shift money into precious metals as a safe haven

Gold gained on speculation of dollar weakness ahead, prompting some investors to shift money into precious metals as a safe haven. “I’m a gold bull, the main reason would be because the dollar will weaken at some point,” Helen Henton, head of commodity research at Standard Chartered Plc. “There’s been a change in sentiment in the markets over the global economic outlook and commodities are benefiting from that,” said Standard Chartered’s Henton. The benchmark MSCI Asia Pacific Index advanced for a fourth day after Goldman Sachs Group Inc.’s earnings beat estimates, and amid speculation government stimulus efforts worldwide will succeed in easing the global financial crisis. Gold is trading at $895 as of 9:55am, London Time. Gold’s Pool-position is 55% Long, meaning that just over half of Finotec traders are buying the precious metal.