Fri, Dec 19, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Gold holds firm versus non-U.S. currencies

Posted on 28 November 2008

From Reuters: 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


 Article link

This post was written by:

VRS - who has written 38538 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