Thursday, November 08, 2007

Financial Indicators (NOW)


The gold price continues to step up in tandem with the oil price as global uncertainty picks up. It seems what's bad for the world is good for South Africa, including the demise of the dollar. Ameerican kerfuffling in Iran is also propelling that nation (and Russia) to make oil transactions in Euro's rather than the dollar. China has also decided to push more of its investments into the Euro. And why not?

Gold 832.65 Up 0.23%
Platinum 1457.00 Up 1.29%
Brent Crude Oil 94.65 Stable 0.00%
Rand - US Dollar 6.4880 Down 0.18%

‘Powerful cocktail’ puts gold in sight of $900

No comments: