(May 8 2012) Exclusive to GEOnomic Investing –Gold futures dropped nearly $35 an ounce Tuesday, shedding 2.1% of their value to close at $1,604.50 an ounce as political jitters in Europe stoked a rally in the U.S. dollar. Gold, like other dollar dominated commodities tends to perform poorly when the greenback gains value. According to FactSet Research, today’s closing price of gold is the lowest settlement for a most-active contract since Jan. 3rd, the first trading day of the year.
Commodities at Close: Gold Drops to 2012 Low
May 8, 2012 By admin
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