Tue, Dec 23, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Currencies more

How a falling dollar affects gold

Posted on 02 May 2011

Statements by Chairman Ben Bernanke on April 27 shouldn’t have surprised investors. Following the Federal Reserve’s press conference, the Fear Trade continued full speed ahead. Gold hit a new high while the dollar fell further.
As gold investors know, the metal has historically been negatively correlated with the dollar, meaning when the greenback is weak, gold tends to be strong. That correlation is reaching an extreme, widening substantially over the last year……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 38561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031