After yesterday’s gains China returns to push metals south

Fundamental Precious Metals (2009-11-24)

24 November 2009 @ 04:16 am EDT

After yesterday’s gains China returns to push metals south

Precious metals managed to rise notably throughout yesterday's trading session, where gold recorded a new historical high at 1174.60 in New York. The major rise witnessed by precious metals was supported by greenback's slump. The dollar fell yesterday against a basket of foreign currencies, where it recorded its lowest level at 74.91; backing the purchase of precious metals, where focus was set on gold by traders and numerous other sides pushing forward to set reserves and safe havens against the dollar's drop and other reasons.

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