Sunday, November 2, 2008

Gold's biggest fall in 25 years

Gold prices dropped 2percent on Friday, concluding their worst month in a quarter
century as a strong dollar and recession fears drove investors into less volatile assets. The key driver for gold at the moment is the U.S. dollar and it looks like it is going to strengthen again and that is definitely negative for gold. But the belief is that after some days of recession the gold prices too will stabilize.

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