Gold fell to the lowest levels in 6 1/2 weeks as news that increased home sales boosted the U.S dollar. The stronger dollar pressured metal prices overall into a decline, however the drop was stalled due to bargain hunters. Volume is expected to be mild for the duration of the holiday trading week On the…
Tag Archive: dollar
Gold Price Per Ounce hits Near Record of $1,150 oz
Today gold prices hit a record high of $1,147.45. This coincides with a weakening of the U.S dollar with the news from the Federal Reserve that interest rates may not rise again until 2012. Major concerns with a sluggish U.S recovery combined with possible inlation is providing support for gold. “I think what we’re seeing…
How to Survive the Dollar Collapse
How to Survive the Dollar Collapse Once the world’s reserve currency, the dollar was at one time the currency that many governments depended on for security. Unfortunately, those days are passing. Due to massive debt load, reckless spending, and huge trade deficits the dollar is entering a period of uncertainty. One of the main reasons…