12 September 2011 at 16:05 IShttp://www.commodityonline.com/news/Gold-shows-high-resilience-even-as-US-Dollar-surges-42259-3-1.html
Gold has twice breached $1900 an ounce only to fall later. The last Gold high also marked the low of US dollar. The Dollar has strongly surged and though gold has fallen in response, the fall has been relatively tame as compared to the strong dollar increase. (Chart below- Red line is gold price, blue line is US dollar index)
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Gold has twice breached $1900 an ounce only to fall later. The last Gold high also marked the low of US dollar. The Dollar has strongly surged and though gold has fallen in response, the fall has been relatively tame as compared to the strong dollar increase. (Chart below- Red line is gold price, blue line is US dollar index)
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
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