Wednesday, May 11, 2011

A Strong US Dollar Triggers Weakness in Commodities and their Currencies



As of this posting, gold dropped $17.70 or 1.16% to $1,498.40 because investor demand for the U.S. currency is growing because the outlook for Greece securing additional aid is in flux. Today market participants are choosing the dollar over the precious yellow metal. Silver also plummeted $3.11 or 8.09% to $35.375.

Source: ActionForexall Rss Feed




No comments:

Post a Comment