Global Interest Rate Hikes To Affect Gold Prices
Posted on June 10, 2008 at 14:35 PM EDT
Gold Gold closed at $894.80 in New York and was down 70 cents; silver closed at $17.15 down 22 cents. Both have sold off in Asia overnight and in early European trading this morning. Gold’s sell off is somewhat counter intuitive given the host of positive fundamentals. However, oil selling off and the dollar strengthening again (despite [...]