Gold Price Rise as Dollar Weakens ~ Pinoy Reviews

Bringing Filipinos news, reviews, and resources about the rest of the world.





Monday, April 7, 2008

Gold Price Rise as Dollar Weakens

According to Thomson Financial, Gold prices climbed higher in London trade as the dollar continually weakens. News about the ongoing unemployment rate in the US has severely affected the dollar and continued its downward trend. Gold was trading at $914.74 per ounce.

According to reports, high oil prices has supported the increase of gold prices as investors buy them in order to hedge against inflation.

Via: Stock Market Investing News from ContrarianProfits.com

0 Comments: