The Traderszone Network

Published in TZ Latest News 16 June, 2015 by The TZ Newswire Staff

Gold Off Again As Dollar Takes Center Stage

The gold market is continuing to be dominated by the dollar. The metal fell for the third time in four sessions as budget turmoil in Greece drove the greenback higher against the euro. Gold has the strongest negative correlation with the Bloomberg Dollar Spot Index since December. The stronger U.S. currency reduces demand for gold as an alternative investment.

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