Richard Fifer

What’s your guess with the US Dollar?

Richard Fifer Web

Weak performance on behalf of the dollar has caused a reaction on the Gold price to a daily high of $1212.20/oz of Au and a low of $1192.50/oz of Au

The US Dollar stumbled once again against the Yen and Euro Friday morning after reports for the jobless claims jumped to the highest levels in 3 months. All those factors have pushed the dollar index down 80.3, a 9% decrease. Some people consider a 10% decrease a bear market; you take your own conclusions on this matter if you believe the dollar is behaving differently. Weak performance on behalf of the dollar has caused a reaction on the Gold price to a daily high of $1212.20/oz of Au and a low of $1192.50/oz of Au. Certain investors believe gold will reach its record of $1264.00/oz of Au, but this will not be in a short term.

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