Monday, January 11, 2010

Gold Eases Up A Little After Besting $1160

The final spike came at about 9 AM ET. Since then, spot gold's drifted back down; at the time of this post, it's meandered to $1,153.30.


It'll be interesting to see what transpires should gold reach $1150...


Update: It did so just after 1 PM ET, and has been drifting at or just above that level up to the time of this update. The U.S. dollar index has been in a holding pattern at about 77; the two have been moving somewhat independently in the immediate term. That's because neither has moved much today.

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