Thursday, March 20, 2008

Strong Dollar and Weak Gold


Gnutrade is all interesting. Its a Financial Game


The U.S dollar which was rallying in weak position is back on track. The U.S economy is expected to be in safe zone. But then U.S dollar’s recovery has caused reverse effect to the commodity market. The Gold market in London was low yesterday and it fell to an almost one month low. Not only Gold, but also metals like platinum and silver also came down. The investors thought that the slump in the U.S dollar will end, so they sold commodities. As a result gold is down. And the volatility in the markets has been high from past few days. Since tomorrow being Good Friday, the markets are expected to be cool.



www.gnutrade.com

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