Saturday, March 26, 2005

Gold Near Five Week Low Due To Stonger Dollar

The gold price is near a five-week low on speculation the U.S. Federal Reserve will raise interest rates further, causing the US dollar to rise.

The Federal Open Market Committee on March 22 said ``pressures on inflation have picked up,'' boosting speculation the central bank may quicken the pace of rate rises. U.S.


No comments: