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Gold Sinks Below $900

Dollar Up

By Luke Burgess
Tuesday, April 1st, 2008


20080401_gold_chart.png

Gold prices sank below the $900 level overnight as a recovery in the US dollar prompted profit taking on bullion positions. At last look gold for April delivery was trading at $898.60 an ounce.

- luke


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Comment by patricia miller on 2008-04-09
looking at the impending uncertainy,weakness of dollar, joblessness,decline in spending because of high prices on essential daily living expences, one might ask will this devaluate the gold standard as it did the value of houses? could gold loose its value,and if not why?

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