Friday 22 April 2011

US Dollar and Gold

It seems that the weak US dollar is having the most influence on gold at the moment. The overall market is getting more nervous now that the US is experiencing sovereign-debt concerns. In addition to Europe and the Middle East problems, the demand for gold is increasing as it is considered a safe haven product. The North American markets are closed today for Good Friday; though is Asian silver and gold continued its rise for its 3rd weekly gain.

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