| 03.05.2011 - Despite protestations to the contrary, US monetary policy does affect commodities |
| Last week gold prices ended on a high note. The price of spot gold hit another record high of $1570 an ounce and the upward momentum looks set to continue. Gold has risen to new record nominal highs as the dollar continues to be sold in international markets. Gold has eked out smaller gains in other fiat currencies but remains close to record nominal highs in euros, yen and pounds..............................................Full Article: Source |