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Commodities Briefing - Categorized | Bullion/Gold, Currencies, ETFs / ETCs more

Gold ETFs fly on weakening dollar

Posted on 27 November 2008

From Investors.com: Gold pulled back slightly Tuesday and Wednesday following three straight days of sharp gains. The rally lifted the yellow metal above its 10-week moving average for the first time in more than a month.

Its strength goes hand in hand with weakness in the dollar as it takes more dollars to buy the commodity, which is traded in the U.S. currency….. Full Article: Source


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