Further dollar weakness based on talk of interest rates remaining low pushed gold above $1,120, a two week high. Albeit we are still $100 off the recent highs, improved conditions for risk appetite pushed investors to buy up the precious metal.
Gold & Silver
• Gold finished 2009 29% higher to post the ninth consecutive annual gain
• Holdings in the SPDR Gold Trust, the largest ETF, rose 45% in 2009
• Please note that we have the non farm payroll figures scheduled for release on Friday
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