Monday 7 November 2011

GOLD: UPDATE: 07 NOV 2011


Gold $1771

Having retraced almost 61.8% of the September drop, Gold's recent run up - as the USD strengthens no less (from 10/28) - suggests some demand for safety is back (or more simply is the demand for German Gold making the German's hoard a little more?). Silver is actually outperforming from Friday's close but remains below Friday's highs for now.

UPDATE: USD vs Gold tonight!!
Chart: Bloomberg

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