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Struggling Dollar Pushes Gold to Another Record

Gold touched an all-time high of $1,107.2 an ounce yesterday as investors abandon the struggling dollar. Growing demand in Asia and other emerging markets has also played a part in driving up prices in the last two weeks as governments diversify away from the US dollar in order to protect the value of their reserves.

BBC News

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Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 9:03 am UTC, 02/10/2012
Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 9:02 am UTC, 02/10/2012
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Posted by Dean Popplewell at 9:02 am UTC, 02/10/2012
Posted by Staff at 6:37 am UTC, 02/10/2012
Posted by Dean Popplewell at 6:35 am UTC, 02/10/2012
Forex Rates
Interest Rates

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February
10
Today’s Global
Market Events
8:30 am

CAD
Trade Balance
0.7B vs. 1.1B
USD
Trade Balance
-48.1B vs. -47.8B
9:55 am

USD
Prelim UoM Consumer Sentiment
74.4 vs. 75.0
USD
Prelim UoM Inflation Expectations
3.3%
12:30 pm

USD
Fed Chairman Bernanke Speaks
12:50 pm

USD
FOMC Member Pianalto Speaks
2:00 pm

USD
Federal Budget Balance
-58.5B vs. -86.0B