Gold was again useless last night. The US dollar weakened and GOLD WEAKENED AGAINST NEARLY ALL CURRENCIES except the US dollar. A weakening US dollar DOES NOT GUARANTEE a rising gold price - not even in US dollar terms. Despite what appears on this forum, it is even possible for gold to fall when the US dollar is falling. It is also possible that if the US dollar falls and gold does rise, in REAL TERMS gold weakens against most other currencies. Now in my books that's falling.
