| 13.02.2009 - Fund buying props up precious metals |
| From Commodityonline.com: Despite the greenback remaining directionless and WTI crude oil prices struggling to rise above $40/bbl, precious metals gained ground yesterday, propelled by ETF buying. Gold was the main beneficiary, gaining 4.1%. The greenback sparked buying in early London trade as it weakened from $1.2850 to $1.2989. It then rallied to $1.2834 in New York but precious metals ignored this move..... Full Article: Source |