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Gold spooked by USD and Oil

Comments (3) Topic: Gold — May 29th, 2008
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Gold HUI Oil USD  Chart 30 May 2008

Gold has now backed off to trade at approximately $877/oz; the reasons behind this fall are attributed to the rise in the US Dollar and the fall in the price of oil.

The dollar occasionally puts in a mini rally to a fanfare of this it the start of a major rally back to its once mighty status (read more…)


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Comments (0) Topic: Other, Gold — May 22nd, 2008

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Comments (2) Topic: Other — May 21st, 2008

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