03 November 2009

Gold prices up

Risk appetites on the foreign exchange and commodities market are enjoying a return to form - the price of gold rose to over $1,060 on Monday while the US dollar retreated.

In the US, there are marked improvements to the manufacturing and construction sectors and general business sentiment is up.

However, the dollar's downward trend is set to continue as the base interest rate remains low and the Fed's aggressive stance on QE stays too.

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