Author Topic: U.S. gold futures finished higher after an inflation increase in the USA  (Read 487 times)

Offline Genehog

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U.S. gold futures finished higher on Wednesday in CFD´s, U.S. government report showed consumer prices rose faster than expected in October, boosting gold's inflation hedge status. Traditionally Gold had been known as a secure financial asset in inflation days.
In Currency trading, Canada’s currency fell after rising earlier in the session to nearly its strongest in about a month. The “Loonie” rallied at C$1.0450 against U.S. dollar but some economists said its failure to…

Feel free to read the complete article here: newbielink:http://www.tradeviewforex.com/cfdblog/post/2009/11/19/us-gold-futures-finished-higher-after-inflation-increase-usa.aspx [nonactive]

All the best,

Gene Hoglan