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Monday, January 14, 2008

Chart of the Day -- Gold and the Dollar

Gold, Platinum Rise to Records in London on Declining Dollar; Silver Gains Gold and platinum rose to records and silver extended its rally to the highest in 27 years as a declining dollar increased demand for precious metals as alternatives to stocks and bonds.

Dollar Declines to 7-Week Low on Bets Fed to Cut Interest Rate Below ECB's The dollar fell to a seven-week low against the euro on speculation U.S. interest rates will fall below those of the 15 nations that share the euro for the first time in three years.

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