CFP: Gold unmoved by dollar fall, $120 oil

Gold and the dollar weakness

Gold unmoved by dollar fall, $120 oil

By David Bradshaw Tuesday, April 22, 2008

Tuesday gold prices steadied despite a weaker dollar and $119+ oil prices. Gold closed in NY down $.90 to $916.20/oz., silver rose $.09 to $17.51/oz.

Gold unmoved by dollar fall, $120 oil—LISTEN

“While the dollar continues to weaken, lately gold has stopped responding to this weakness. If the April 30th FED statement suggests that this cut is the last one for a while the markets may see it as dollar supportive,” reports FXStreet…

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Posted 04/22 at 08:37 AM Email (Permalink)

This piece is in Category: Business News

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