Email of the day (3)
Comment of the Day

July 19 2010

Commentary by Eoin Treacy

Email of the day (3)

on interpreting charts for gold in other currencies
"You directed me to where the chart for gold vs various currencies is located. Just want to confirm I am reading it right. Right now the Yen and dollar are going down vs gold which is negative for gold at this time? Thanks"

Eoin Treacy's view Thank you for this question which others may also find of interest. In fact, with the price as displayed on these charts of gold in US Dollars, Japanese Yen, Euro and Pounds all heading lower over the last few weeks, it indicates that these currencies are going up versus gold which is a negative for interest in the commodity.

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