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'Dollar rally not a reflection of U.S. currency improvement' gold rush

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Dollar rally not a reflection of U.S. currency improvement

-- gold rush
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02/04/09 12:13
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Dollar rally not a reflection of U.S. currency improvement

It is only by default that the dollar is rallying says David Gaffen, writing in the Wall Street Journal.~~

The US dollar has shown to be among the strongest currencies during this difficult period, but some say that will end once investors retreat to the relative safety of gold to store their assets.

Gold's rally has coincided with benchmark sovereign sell-off in the world market. This suggests that investors are becoming more concerned about the ability of various nations to handle the economic crises.

Link: MarketBeat : The New Gold Rush

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