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Spot Gold Prices – Daily Gold Chart 16th June 2009

Yesterday’s wide spread downbar in the spot gold chart merely reflected the market’s view of the US dollar, which found some support following positive statements from various G8 ministers who reinforced theirs view of the US dollar as a reserve currency.  In addition markets reacted...

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Spot Gold Prices – Daily Gold Chart 9th June 2009

Spot gold prices remained on the defensive for a second trading day, which was characterized by a stronger dollar, sharp declines in the equity markets, general risk aversion and a downgrade to Ireland’s credit rating to double AA, with a negative outlook, from double AA...

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Spot Gold Prices – Daily Gold Chart 1st June 2009

Generalised and increasing US dollar weakness continues to drive the spot gold price ever higher as it touched $980.17 per ounce last Friday.  Whilst this inverse correlation always boosts the price of gold other factors such as inflation fears and worries about the US’s fiscal...

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