Gold Rebounds as US Dollar Retreat Continues
Moody’s downgrade of its US credit rating last weekend continues to impact bond and currency trading. The USD remains in retreat today enabling Gold to rally 0.8% and regain $3,300/oz. Meanwhile, other major currencies, including the Loonie, Pound, Euro, Aussie and Yen, are up 0.2%-0.6% today. Commodities are also rallying with Copper up 1.2% and […]