Thursday 15 August 2013

Gold over $1360, silver at $23 on fall in US dollar.

Following the fall in the US stock markets on Thursday, we see that gold took an increase in price and silver continued to spike higher.

Gold has now exceeded its earlier post-crash high of $1350 by approximately $18 as I write, presently at a price of $1367.50 in 'overnight 'Asian trading. (Of course, it is actually daytime is Asia!)

The dollar had a fairly bad day, falling from 93.9 to 92.6 cents against the Swiss Franc. The US dollar index or USDX is at 81.17, lower down from 81.55 overnight and its high today which was around 81.90. The Euro rallied from $1.3220 to 1.3351, more than a cent.

The Nikkei continues to trade paralel to the Dollar/Yen rate as usual, fairly flat on Thursday night at 13,637 on the Nikkei and 97.43 Yen to the US dollar.

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