Thursday, October 21, 2010

Gold Drops After Geithner Says Currencies `In Alignment,' Boosting Dollar

Holy MOPE, Batman! Let's file this assessment for review towards the end of spring 2011.

Gold declined after U.S. Treasury Secretary Timothy F. Geithner said that the major currencies are “roughly in alignment,” boosting the dollar and curbing demand for the precious metal as a haven.

Source: finance.yahoo.com

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