Dashboard for the Leading Network of Stock Market and Personal Finance Blogs

Visit Seeking Alpha

Dollar Rally Threatens to Upset Gold

Posted on February 08, 2010

Last week the gold price dropped 2.3 percent. The silver price dropped 7.2 percent and the FTSE 100 index closed down 2.5 percent. Just as everything went up together in 2010 [see our article The Three Major Questions That Will Determine the Gold Price in 2010 ] everything comes down together too.The bull rally of 2010, which started in December 09, has so far been the US dollar. The dollar index (the USD Index measures the performance of the US Dollar against a basket of currencies) rose to 80.36 its highest since July 13th 2009....

Original article link


gold price