Gold rose to its highest in a week as the dollar dropped against the euro, buoying demand for the metal as an alternative investment. ``The major effect on gold is coming from the weakening dollar,'' Liran Kapeluto, a senior dealer at trading-system operator Finotec Trading U.K. Ltd., said by phone from London. ``It is pushing commodities up.'' Gold is currently trading at $821.05 as of 8:40am, GMT.
Showing posts with label Gold strengthens as the dollar weakens and over inflation concerns. Show all posts
Showing posts with label Gold strengthens as the dollar weakens and over inflation concerns. Show all posts
Saturday, August 23, 2008
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