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'Gold prices fall as US dollar rebounds' gold prices

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Gold prices fall as US dollar rebounds

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06/03/09 23:50

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Gold prices fall as US dollar rebounds

Gold prices in Asia fell further during the last week of May as the US dollar continued to rally, reducing the appeal of the precious metal as an alternative investment vehicle.~~

For the last week of May, gold traded at $949.92, a drop of 0.4% from the previous day. However, confidence is still high as many investors speculate a recovery by the end of the year and, consequently, rapid inflation.

Link: VHeadline.com - Gold drops in Asia for 3rd day as US$ r

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