Gold Settled .70 Cents Higher Today… ($1141.90)

By Mike Daly
19 November 2009 @ 02:56 pm EDT

Today’s Comex day session continued the choppy and volatile trend as early U.S Dollar strength sent the Gold market to the $1132.50 level. However the continued resiliency of the gold market due to high world demand as an alternative to the weak Dollar. Jewelry consumption is down due the all-time high price of the yellow metal but speculative and hedge fund investors are fueling this insatiable appetite for Gold as a “safe haven” or “hard asset” alternative. Jobless claims remained unchanged from last week...

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