US Dollar weakens driving Gold over $1000

Gold prices rose over $1000 for the first time since February as the US Dollar weakened over fears of inflation and excess government stimulus spending. Inflation worries has forced investors to investments that are considered safe such as Gold.
When the value of the dollar, often considered the world’s reserve currency, is falling, investors often turn [...]

Written on September 8, 2009 | Posted in Forex, Headlines | No comment

Oil Possibly to hit $85

A weaker Dollar USD pegged against a stronger EURO with oil at $74 poses the possibility of oil breaking a technical level of $74 and rising to $85. Friday Crude Oil hit a 12 month high.

Written on August 21, 2009 | Posted in Forex, Headlines | 1 comment