Gold News

Gold rises as the Dollar weakens and equities tumble

Gold rises as the Dollar weakens and equities tumble

a weaker dollar and expectations for a build in inflation are likely to spur investors to increase their exposure to gold

Gold headed for a gain as the dollar extended its decline and global stocks were poised for their first weekly slump in ten, boosting demand for haven investments. “Investor sentiment remains positive,” Barclays Capital analysts led by Gayle Berry said in an e-mailed report today. “Beyond short-term corrections, a weaker dollar and expectations for a build in inflation are likely to spur investors to increase their exposure to gold.” The Gold is trading at 926 as of 9:15am, London Time. Gold’s Pool-Position is 11% Long, meaning that most Finotec clients are Selling the precious metal.