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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold sinks to 2-week low

Posted on 06 January 2009

From CNNMoney.com: The price of gold fell to a two-week low Monday as the U.S. dollar rallied on new details about President-elect Barack Obama’s fiscal stimulus plan.

A stronger dollar undercuts the appeal of gold for investors looking to hedge against inflation. And a more robust greenback makes commodities priced in dollars more expensive for overseas buyers….. Full Article: Source


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