Talk of a “double-dip” in the economy by President Obama pushed gold lower in trading yesterday. The pullback was further compounded by a rally in the US Dollar index, which rallied ever so slightly. Since hitting $1,153 on Wednesday, we have seen gold tread water. Silver eased back too, from 16 month highs, as it tracked the price of gold and the rebound in the USD.
Gold & Silver
- The Japanese government declared their economy had fallen in to deflation
- GFMS Metals Consulting said that they believed demand would drive Silver up to $20
Major Economic News
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