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Gold Prices Drop as Euro Losses Weigh
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Euro down in forex trading

Gold prices often move with euro prices, showing an inverse relationship to the US dollar. With the euro dropping, then, it is little surprise that gold prices are falling as well. Indeed, the euro has slipped below the 1.30 level today — and gold prices are approaching $1, 600 an ounce, and could very well fall below that level.

Commodities are struggling today as dollar strength improves on safe haven demand. With the US economic recovery offering a stark contrast to possible recession in the eurozone, as well as an alternative to a wobbling euro, it is little surprise that commodities are having a difficult time.

With what has been happening in Greece and France, it is little surprise that the US dollar is preferred. With all the uncertainty, the stability of the US dollar is being sought, and gold prices are following the euro lower. 

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Source: Oakshire Financial

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I don't think so

2007-10-30 20:52:41 by NDXtrader

Buffet is an excellent investor and from what I've heard makes about 30% a year. Some traders make well over 100% per year. I know that FXCM, a forex broaker runs a trading contest every month and last month's winner made over 500% in one month.

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By Stoyan Mihaylov | Forex | Jun 08, 2012 09:19AM GMT | Add a Comment After yesterday's precise test of 1.2630 resistance area, today's outlook is bearish for a slide through 1.2410, en route to 1.2290. Crucial resistance on the upside is 1.2545, …

cross currencies that are traded in the fx market
cross currencies that are traded in the fx market

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