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Market Outlook

Precious Metal

01 November 2007

 

 

·            The dollar climbed as much as 0.4 per cent against a basket of six major currencies. The metal typically declines when the greenback strengthens. Gold pared an earlier loss of as much as 2 per cent, spurred by the International Monetary Fund's plans to sell bullion on the open market

·            Gold may fall on a strengthening dollar and on the International Monetary Fund’s decision to begin selling bullion on the open market, a survey showed.

 

 

 

 

 

News, data, references and commentaries compiled from Bloomberg, Reuters, yahoo, CNN, CBSMarketWatch, Fxstreet etc.

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