Propitious conditions for gold

- April 13th, 2009

Gold Investing News reports gold prices fell slightly while the dollar strengthened. According to analysts, optimistic investors read many recent commodity price gains and positive economic readings as an end to the downturn and are starting to unload safe-haven gold. What added to the melee was a firmer dollar, that also weighed on gold prices. … Continued

Gold Investing News reports gold prices fell slightly while the dollar strengthened.

According to analysts, optimistic investors read many recent commodity price gains and positive economic readings as an end to the downturn and are starting to unload safe-haven gold. What added to the melee was a firmer dollar, that also weighed on gold prices.
Earlier on Wednesday, gold rose for a second straight day in New York, as some investors purchased the metal to hedge against financial turmoil.

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