Spot Gold fell again yesterday, with the futures contract closing at $741.30, near the low at $739.00. Bloomberg reports that this morning, as the dollar has dipped, gold is recovering. It cites the Dec Comex contract up $12.70, or 1.7%, to $758.20 and spot gold up $8.11 or 1.1% to $754.58 in London this morning. Bloomberg also says “Gold has had a correlation of 0.68 to the euro dollar exchange rate this year, up from 0.58 last year.”
Bye for Now
Barbara Rockefeller
Buy Euros before Ireland Defaults?
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The IMF may well be running Ireland by February, ifthe Irish budget "fails
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In...
13 years ago
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