Another High for Gold Portends Higher Commodity Prices
Gold today closed at yet another new high against the dollar. The euro has jumped against the dollar of late, so gold is about €30 off its highs against the euro; ditto for the yen. The big story, however remains that all currencies have lost significant ground to gold in recent years. That all currencies have lost so much value against a gold benchmark at the same time overwhelms the movements of one currency vis a vis another.
The original article is published at http://www.c2ads.net/full-text-rss/makefulltextfeed.php?url=http://seekingalpha.com/sector/gold-precious.xml&format=rss&submit=Create+Feed
Related posts:
- Gold: Prices Coming Off All-Time High, But Bullish Trend Looks to Continue
- Gold Prices Are Trending Higher
- Inflation Scorecard: Gold Mostly Higher