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news Swine flu outbreak has effect on gold value; Gold Investing Strategies Blog
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Swine flu outbreak has effect on gold value

04/29/09 08:28

Why the dollar would go up in the face of the swine flu outbreak in Mexico is beyond me, but that is exactly what happened.

Gold took a loss as the dollar strengthened against other currencies. Stocks on Wall Street wavered with pressure on the airlines and tourism related stocks, since people are rightly afraid of traveling and picking up the flu along the way.

In other news, GM has come up with a restructuring plan that will slask 21,000 jobs along with their Pontiac line.

[404 Check: was link to http:/ / www. google. com/ hostednews/ ap/ article/ ALeqM5hLdQzzkk_ vLW3OsMLzbo -eZnRKbAD97R0NEO0, anchor: Link: The Associated Press: Gold prices dip as dollar jumps on swine flu scare]

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