Thursday, December 17, 2009

Spot Gold Breaks Below $1100

As the U.S. dollar rally continues, gold keeps being put under pressure. After 3;30 PM ET, gold dipped below US$1,100 and, after a pause, fell below it. As I write this post, spot gold's at $1,096.00.

This report from a PRC news outlet explains it: the greenback's becoming the safe-haven place to be, once again.

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