Bargain hunters support precious metals but still vulnerable short-term |
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London, 10 July 2009 - Bullion prices saw a modest recovery Thursday as Chinese officials at the G8 made renewed criticism of the US dollars dominance as a reserve currency. EUR/USD rallied to 1.4072 at one point while the DXY closed the day down 0.7% with commodities as a whole gaining with the CRB Index up 1.4%. Despite dipping below $60/barrel NYMEX crude settled with a 27-cent gain at $60.41. Despite EUR/JPY gaining 1.3% US equities could only manage slight gains with the Dow up just
Filed under: Fundamental
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