London Gold Market Report |
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Gold Heads for 5% Weekly Loss as "Super Dollar" Whacks Stocks & Commodities; Gold Mining Output Fails to Revive on Record Indian Demand SPOT GOLD PRICES struggled below $800 per ounce in Asia and London on Friday, heading towards a 5% loss for the week as the US Dollar rose yet again versus everything else except Treasury bonds. Crude oil dipped towards $106 per barrel, while the Australian Dollar – a key "commodity currency" – hit new 12-month lows. The German stock market fell nearly 6%
Filed under: Fundamental
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