The Fusion Media Network: |
 |
Welcome,
Guest!
- BROKERS
Main Directory Promotions Interviews Compare Demo Accounts Live Accounts Special Offer - SOFTWARE
Main Charts Signals Trading Platforms - FUND MANAGERS
Main Interviews - EDUCATION
Main - MEMBERSHIP
Technical
Central Banks
Forex Brokers
Trading Tools
Precious Metal
By: Crown Forex - 08-07-2008
0votesAs the dollar falls, gold prices go up...
After falling yesterday, the shiny metal rose today as the effect of a falling dollar offset the effect of the drop in energy and food prices. Actually, the drop of the green currency boosted right away the appeal of the gold in the market being a hedge against inflation. So far, the metal recorded a high of $929.95 an ounce and evidently gold prices will remain on increasing as long as there are worries surrounding the U.S economy, and therefore their currency. Yet so far the trend of the metal is still sideways.
Crude prices rose, recording up to now a high of $142.44 a barrel, as Mexico, one of the biggest oil suppliers for the United States, had its production decline due to a strong hurricane that appeared in the Atlantic Ocean this year limiting and affecting the supply of oil. While that on another side, the G8 leaders warned of the threats of inclining prices and preferred to increase the amount of oil produced in an attempt to help ease prices.
Now, the green currency fell since the two largest mortgage lending companies were to collect capital which may harm the earnings of current shareholders and therefore the stock market as a whole. This of course spread out fears in the U.S market and consequently had the U.S dollar collapse in front of majors. To this point, investors rather choose the commodities sides as returns are higher and better.
Next Analysis: Crude oil dips but rebounds on late tradingContent Provided by:
Crown Forex
CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal de
DISCLAIMER:
The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk
Become a member and get 6 free Forex courses by OTA! - Charts
- Survey
What do you hope to improve ?
Browse The Entire ForexPros.com Site:
News
Quotes
Forex Analysis
Forex Brokers
Forex Software
Live Events
Charts
Fund Managers
Education
Forex Forums
Languages
