Market Forces breaking news: Gold slips from record as dollar strengthens (Guardian Unlimited)

Oct 10, 2009   //   by Admin   //   Scrap Gold Prices  //  Comments Off

A strengthening US dollar sent gold prices sliding today, ending a rally that saw the precious metal hit all-time highs for three consecutive days. The spot price of gold fell below $1,050 an ounce this morning, after clearing that mark for the first time yesterday when it soared to a new record of $1,061.20. The dollar rose today, boosted by comments from Federal Reserve Chairman Ben Bernanke …

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Market Forces breaking news: Gold slips from record as dollar strengthens (Guardian Unlimited)

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