Oil & Gold- Divorce, or Happy Reunion?

Gold prices picked up another 2.4% on Friday, as the dollar dropped quite a hefty amount, to 72.79 on the index. A $3.69 rise in crude oil during the day (to $127.82) was met with a correlated move in gold this time around. A May 16, 2008 7:06PM

Hedge Trimming Season

Gold prices picked up yet another 1.5% overnight as the dollar headed lower on anticipation of poor US housing and consumer confidence data being released today. A two-dollar rise in crude oil (to $126.09) was met with a correlated move in gold this time May 16, 2008 8:51AM