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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: TobagoJack who wrote (14610)	2/20/2007 3:30:46 PM
From: Haim R. Branisteanu	Read Replies (1) of 217591

Gold Falls as Rising Dollar Erodes Metal's Investment Appeal (well $$ rising 1% to 2% - on which planet?) By Pham-Duy Nguyen Feb. 20 (Bloomberg) -- Gold fell the most in six weeks in New York as a rising dollar made the precious metal a less attractive investment. The U.S. dollar is rebounding after three straight weekly declines against a basket of six major currencies. Before today, gold had climbed 11 percent since Jan. 5. ``The dollar firmed up and that sparked some weakness in the gold,'' said Frank McGhee, head metals trader at Integrated Brokerage Services LLC in Chicago. Gold futures for April delivery fell $11.80, or 1.8 percent, to $661 an ounce on the Comex division of the New York Mercantile Exchange, the biggest drop for a most-active contract since Jan. 5. Prices were little changed last week. bloomberg.com

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