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Gold price holds its own

Posted on 27 March 2009

From Telegraph: Gold has risen for a second straight day on speculation the dollar will slide, boosting demand for the precious metal as an alternative asset. Gold and the dollar, which have moved in tandem for most of 2009 as investors sought a haven from financial turmoil, have returned to an inverse correlation.

Analysts said spending by governments to ease the recession may spark inflation, curbing the greenback’s appeal. ….Full Article: Source


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VRS - who has written 36243 posts on Opalesque Commodities Briefing.


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