Dollar hits gold
Dollar is rising rapidly
In brief: U.S. dollar tries to rise, gold declines in the price. For sure dollar has a real opportunity to take leadership.Gold stumbled on growing dollar. Undoubtedly dollar shows real power in these troubled times. Gold slipped lower in USA and Europe on Friday as the dollar firmed, dampening the momentum which has lifted prices more than nine percent this month after reports of central bank gold buying.
As we know, gold depends greatly on dollar, so now dollar rises and gold rapidly drops down. US gold futures for December delivery on the COMEX division of the New York Mercantile Exchange fell $3.00 to $1,138.90. Analysts said gold was likely to take support from interest in the metal as a hedge against inflation.
So, we expect further growth of dollar and we are looking for some surprises commodity markets…
Ukranian Globalist2009-11-21 00:26, Currency news.
News on: bank gold buying, currency, europe, exchange, metal, rates, United States, USD