Gold's Independence from Financial Markets

Fundamental Precious Metals (2009-11-23)

23 November 2009 @ 03:40 am EDT

Gold\'s Independence from Financial Markets

Gold continued its rise throughout last Friday's trading session at the time silver slightly dropped; whereas platinum also followed and recorded a slight rise. However, gold didn't respond to crude's drop; the S&P GSCI index fell by 1.99 points and continued to rise throughout last Friday's trading session, where it also resisted the dollar's spike against a basket of foreign currencies. Meanwhile, U.S. index rose last Friday from 75.26 to achieve its highest at 75.84 points, despite of this, we witnessed constant liquidity rushing in gold's direction.

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