GOLD
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0.51% $1,391.7 gold futures

please explain ... please explain

  1. siameseparrot
    24,765 Posts.
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    02/04/09
    21:46
    Post #: 4975100
    The US dollar is getting smashed. Commodities across the board are strongly rising. Eg oil is up about 6%.

    So how is it possible for gold to be down 1% in US dollars and even worse in other currencies? (The Aussie dollar is up around 2% against the US dollar.)

    This does not make sense.
    Value at posting: $0.00
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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