Home » Posts tagged "gold vs US dollar"

Spot Gold Price – Gold Price Chart 23rd June 2009

Spot gold experienced a sharp decline yesterday as the commodity market (along with others) was hit by a wave of profit taking and some return of Dollar strength.   In addition with physical gold demand remaining weak and specialist gold backed exchange traded funds not recording...

Continue reading »

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...

Continue reading »

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...

Continue reading »

Spot Gold Daily Chart – 21st May 2009

With the euro achieving its strongest level against the US dollar since January spot gold prices closed dramatically higher as investors begin to return to commodities not for a better return but also because of worries about future inflation.  In addition the inverse correlation between...

Continue reading »