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(From Business Line)
from BUSINESS LINE, November 27, 2006 Gold futures ended sharply higher on Friday, after the dollar sank to its lowest level against the euro. The dollar sank to a 1-1/2-year low against the euro as worries flared over the strength of the US economy and central banks diversifying reserves into other asset classes
Gold is emerging as a credible alternative to holding dollars and therefore has been benefited by last week's moves in the dollar, despite crude oil prices falling lower on warmer than expected winter and high inventory levels
COMEX gold futures moved on expected lines. As expected, gold futures rose higher after …