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View Full Version : Gold Drops as Gain in the Dollar Reduces Demand for Safe Haven - Bloomberg



NewsWhore
06-05-2009, 12:50 AM
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Gold Drops as Gain in the Dollar Reduces Demand for Safe Haven (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3DaaBdVRg2GZN8%26refer%3Daustralia&cid=1252221308&ei=q6YoSrTmMciwmQfqv_DIBQ&usg=AFQjCNH3BTsQkQKFL42A7S2TLcZly29rCA)
Bloomberg
Bullion fell as much as 0.3 percent on a recovery in the US currency. The precious metal typically moves in the opposite direction to the dollar. “Gold is driven by dollar sentiment at the moment,” said Charles Dowsett, director of commodity ...


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