Gold falls as oil tumbles, dollar rises; copper also down

無法笑

Gold futures fell Friday, heading for a weekly loss of more than 2% as tumbling oil prices and a stronger dollar reduced the metal's appeal as a hedge against inflation and a weak currency.

The dollar provides direction for gold prices, said James Moore,  As prices fall towards $900 an ounce, "the scale of buying interest is encouraging."

"But with tame inflation readings and ETF and jewelry demand still slack, we maintain our bearish short-term outlook," he added.

The U.S. dollar remained higher against most of its major rivals on Friday after data showed a rise in June import prices and a narrowing of the U.S. trade deficit in May.

無法笑

原帖由 無法笑 於 2009-7-11 12:29 AM 發表
Gold futures fell Friday, heading for a weekly loss of more than 2% as tumbling oil prices and a stronger dollar reduced the metal's appeal as a hedge against inflation and a weak currency.

T ...

Failed to touch 900  again, pity!   Next Week!

無法笑

原帖由 無法笑 於 2009-7-11 12:29 AM 發表
Gold futures fell Friday, heading for a weekly loss of more than 2% as tumbling oil prices and a stronger dollar reduced the metal's appeal as a hedge against inflation and a weak currency.

T ...

With tame inflation readings and ETF and jewelry demand still slack, we maintain our bearish short-term outlook!   - I share the same
view as well!

垂死掙扎

原帖由 微微微 於 2009-7-11 11:53 AM 發表
最好写中文了，看不完全懂啊！

只有兩句是寫的, 其餘都是轉錄的, 原文是英文, 所以就只有英文了

aggen