Strengthening Dollar May Push Gold Down

- January 4th, 2012

Bloomberg reported that strength in the dollar might cause gold to fall as investors rely less on investment havens.

Bloomberg reported that strength in the dollar might cause gold to fall as investors rely less on investment havens.

As quoted in the market news:

The euro fell from near a one-week high against the dollar after a European report showed inflation slowed to 2.8 percent for December from a three-year high of 3 percent the prior month, backing the case for the region’s central bank to cut interest rates.

Click here to read the full Bloomberg report.

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