Gold Investments Market Update - ECB Increases Rates as Trichet Warns of ‘Exploding’ Inflation |
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Gold Gold rose to $944.80 in New York yesterday and was up $2.00; silver closed at $18.33, up 13 cents. Gold has remained firm near 10 week highs on the surging oil price which reached a new record high today <$145.72 - Light Sweet Crude Oil Future - Combined - AUG08>. The dollar is flat today after its decline in value in recent days. Against the euro, the dollar looks set to fall through support at 1.60 in the coming days and 1.70 euro/dollar
Filed under: Fundamental
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