A Flock of Ospraies

By Jon Nadler
03 September 2008 @ 04:39 pm EDT

Gold headed back to revisit Tuesday's low of $790 and then recovered once again before the close of futures trading, to climb back to just above $800 per ounce. The dollar gained further ground this morning, inching closer to 78.50 on the index, but gave up most of those gains after oil prices regained nearly $1 of their own earlier losses. News that the European economy contracted in the second quarter helped push the common currency to 1.44 against the greenback and only added fuel to the bonfire of commodities.

IBTimes Commodity Commentaries

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