Pocketbooks Slim. Fast.

By Jon Nadler
04 August 2009 @ 09:29 am EDT

Overseas gold prices fell overnight, as the metal's four-day winning streak was interrupted by profit-takers cashing in some very attractive chips at the redemption windows. Perceptions that bullion had once again gotten ahead of the equilibrium curve of the market's current background conditions brought gold back near $950 an ounce and participants have to now keep rooting for further declines in the US dollar in order to make a push beyond $965 not only materialize, but also hold intact.

IBTimes Commodity Commentaries

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