Showing posts with label gold market. Show all posts
Showing posts with label gold market. Show all posts

Wednesday, August 18, 2010

Gold rises as dollar stumbles

Gold rises as dollar stumbles in global market

Gold futures remain sharply higher after hitting their highest level in a month Monday due to the U.S. dollar’s lowest level against the euro in three weeks, as signs of improved Chinese oil demand and comments from a Federal Reserve official that U.S. interest rates would stay low pressured the dollar.