27.01.2009 - Gold, treasuries and USD
From Resourceinvestor.com: Gold is comfortably holding above the $900 level as the unusual decoupling with the euro (and unusual coupling with USD) continues due to the metalís improved luster resulting from widespread global economic gloom and ultra low global interest rates. As the price of money (interest rates) is held down by central banks, the price of its competitor (gold) pushes higher on the lack of yield reward in monetary alternatives, excess printing by Fed, Bank of England (BoE) and European Central Bank (ECB) as well as the absence of financial market shocks, which have proven negative for risk appetite as well as gold. .... Full Article: Source
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