| From Qfinance.com: Writing about a volatile commodity price always runs the risk of having the markets make nonsense of anything one says by the time the piece is published. However, the awesome rise of the price of gold, which is on a 21 month tear and has been tumbling one record high after another since it went through $1290 on Wednesday 22 September, is worth commenting on in and of itself.
The explanations being given for this are many and various, mostly having to do either with the weakness in the US dollar (which boosts dollar denominated commodities like gold) or with investor disquiet in the face of mixed economic signals, or with some combination of the two. .............................................Full Article: Source
|