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Commodities Briefing - Categorized | Bullion/Gold, Currencies, Market Pulse more

Gold holds firm vs non US currencies, seen bullish

Posted on 27 November 2008

From Guardian: As a global economic crisis deepens, gold has not only held firm in dollar terms but also appreciated against other non U.S. currencies, and strong physical buying despite higher prices signals the metal has legs to rally further.

A flight to safety amid economic uncertainties has bolstered the dollar and the yen, which hurt dollar-denominated gold and made bullion more expensive when priced in other currencies….. Full Article: Source


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