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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


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VRS - who has written 37214 posts on Opalesque Commodities Briefing.


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