The gold market continue down because the strength of US dolar. Sentiment on the dollar had been negative for many weeks on concerns over the U.S. economy and expectations for higher interest rates in Europe and the UK, pushing bearish positions on the currency to stretched levels.
But the outcome of three central bank meetings from the
• Federal Reserve;
• Bank of England and;
• European Central Bank
offered few surprises, giving dealers little incentive to further sell the dollar.
The gold market may raise after the investor had taken their profit from US Dolar. Maybe on 12 or 19 May 2007 will raise.
Source from : Reuters.UK , NS Futures
Friday, May 11, 2007
But the outcome of three central bank meetings from the
• Federal Reserve;
• Bank of England and;
• European Central Bank
offered few surprises, giving dealers little incentive to further sell the dollar.
The gold market may raise after the investor had taken their profit from US Dolar. Maybe on 12 or 19 May 2007 will raise.
Source from : Reuters.UK , NS Futures
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