Weakening dollar boosts gold prices

Posted: May 5th, 2009 | Author: admin | Filed under: Precious Metals | Tags: Dollar, Euro, Gold Prices |

The US dollar’s decline against leading currencies has led to a second day of gold price increases and a one week high.

Gold increased by 1.8% as the dollar slumped to a four week low against the Euro. Investors have headed for gold, betting on negative data from the US Federal Reserve further weakening the dollar.

Join the forum discussion on this post - (1) Posts

Precious Metal Commodities	Industrial Metal Commodities	Energy Commodities	Agricultural Commodities	Livestock & Meat Commodities	Other Commodities
Gold Platinum Palladium Silver	Copper Lead Zinc Tin Aluminium Aluminium alloy Nickel Recycled steel	WTI Crude Oil Brent Crude Ethanol Natural Gas Heating Oil Gulf Coast Gasoline RBOB Gasoline Propane Uranium	Corn Oats Rough Rice Soybeans Soybean Meal Soybean Oil Wheat Cocoa Coffee Cotton No.2 Sugar No.11 Sugar No.14	Lean Hogs Frozen Pork Bellies Live Cattle Feeder Cattle	Ethanol Rubber Palm Oil Wool Polypropylene Linear Low Density Polyethylene (LL)

Weakening dollar boosts gold prices

Leave a Reply

Latest Commodity News

Live Commodity Prices

Financial Times