| Dollar rose reduced the appeal of gold |
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gnutrade.satya
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| Dollar rose reduced the appeal of gold |
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Gold fell after a three day rally as dollar rose and reduced the appeal of the precious metal. Tom Pawlicki, an analyst at MF Global Holdings Ltd. in Chicago, said: "Worries over gold’s future prospects come from the dollar."
Gold for April delivery fell $6 to close at $1,112 an ounce at the New York Mercantile Exchange.
http://www.gnutrade.com
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Fri Feb 05, 2010 10:44 am |
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C9Consulting
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I'm starting to think that the two are inversely related now-a-days...
Elevated Into the Clouds
Cloud 9 Financial
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Sun Feb 07, 2010 12:27 am |
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coaster
Senior Member
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Location: Wisconsin
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Duh...."now-a-days" ???? 
Bye Bye Bums
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Sun Feb 07, 2010 3:23 am |
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TheCaptain
Member
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Joined: 09 Feb 2010
Location: Florida
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Gold is about the only protection we have from fiat currencies as other commodities can be too difficult to work with from a logistical standpoint. It is a good time to include it in your diversification.
Check out
www.therationalinvestors.com
Honest, independent and straightforward financial insight
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Tue Feb 09, 2010 3:43 am |
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