18.11.2015 - Dollar pushes gold price to February 2010 low
On Tuesday on the Comex market in New York, gold futures with December delivery dates were pushed to a five-year low by a strong dollar and waning safe haven buying following the Paris attacks. Exchanging hands for $1,064 an ounce in early afternoon trade, gold is now trading at levels last seen in February 2010. Seemingly destined for a third down year in a row for 2015, the metal is having its worst run since 1998. At 99.83, the USD Index is back within striking distance of 12-year highs above the 100-level struck mid-March. While nowhere near its peak of the mid-80s, the greenback has made a strong run over the past couple of years appreciating more than 23% since the November 2013...............................................Full Article: Source
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