Posted on 11/26/2009 4:53:55 AM PST by danielmryan
FRANKFURT (MarketWatch) -- Gold futures fell on Thursday after climbing to a record just below $1,200 an ounce, as the dollar rebounded against its rivals, pressuring the precious metal.
Gold for December delivery dropped $3.30 to $1,183.70 an ounce in electronic trading on Globex.
(Excerpt) Read more at marketwatch.com ...
Well, that’s it then! So much for the bull market in gold!
I’ll be looking for a similar post the next time gold ticks up 10 bucks! lol
euro-dollar now at 1,5065
well usually gold falls when the Dollar gains strength
Yep, it does look like gold will test its generational lows of around $250 an ounce soon. LOL.
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