Wednesday, October 21, 2009

Dollar Versus The Euro
















Gold underpinned as buying expected at $990-$985/oz Gold fell below $990 (R7 395) an ounce on Monday as a rise in the dollar versus the euro weighed on the precious metal, whose inability to stay above $1 000 has disappointed some investors. Gold's inverse relationship with the dollar over the past few weeks has become stronger. Gold is often considered an alternative asset to the greenback, while a higher dollar makes commodities expensive for holders of other...

No comments:

Post a Comment