Tue, Apr 28, 2015
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 40228 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2015
S M T W T F S
« Mar    
 1234
567891011
12131415161718
19202122232425
2627282930