Gold & Silver Report
Wednesday 9th September 2009Definitely the most important feature of yesterday's trading was gold crossing above the $1000.00/oz level for the first time since February touching an intraday high of $1007.70/oz. The rally was supported by a weaker US dollar with investors still concerned about all that quantitative easing which eventually will bring massive inflation and hurt the greenback. However gold finished the day on the back foot giving back some of its early gains on profit taking. Following gold, silver rallied as the US dollar posted the lowest level of the year against the euro, settling 29 cents higher at $16.620/oz.
Gold & Silver
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