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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (59430)10/5/2000 2:53:23 PM
From: lorne  Respond to of 116759
 
European gold hit by currency, demand factors
05/10/2000 19:50 - (SA)
" As producer currencies weaken against the US dollar, local gold prices rise, prompting profit taking and selling from producers. Similarly, if currencies weaken in major consumer countries, gold becomes too expensive. Both combinations trigger price losses for the metal."
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news.24.com