The Midas touch – Gold strengthens: Category: Metal Market |
 • Gold shares an inverse relationship with the US Dollar (USD) and is generally seen as a safe haven when investors become risk adverse. • As we mentioned a few weeks ago, it has therefore seen a climb upwards on the back of global economic concerns since the start of the recession – it rose by 24% last year as the dollar fell 4.2 percent. • If we look at Gold over the past week in the chart above we see a huge rally... Read More |
Posted by Hymarkets on March 9, 2010 at 03:11 PM |