Gold continues to creep ever so high on a daily basis in the U.S. markets although movement is not so aggressive for Australia and Europe. Speculation regarding the dollar in relation to the Saudi’s and a poor U.S. dollar fuel the rise.
| Sliding oil knocks gold back from peaks Guardian Unlimited, UK - Gold prices, which had been rallying in line with crude, sold off sharply as falling oil prices took some shine off the metal’s appeal as a hedge against … Commodities Tumble, Led by Metals, on Risk Concerns (Update1) |
| Mixed views for India gold prices after recent high Reuters India, India - By Ruchira Singh MUMBAI (Reuters) - Analysts had mixed views on the outlook for gold futures this week with prices a step below last week’s 18-month high, … India gold futures up tracking overseas mkt Gold traders in India buy on dips, wait for more India gold futures dragged down by overseas markets |
| Gold prices retreat from record levels CNNMoney.com - Conversely, if the economy shows signs of improvement, gold prices fall as investors favor more high-risk, high-return investments. … Gold soars as a perfect storm begins to gather |
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