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Gold vs $USD
There has been a great deal written and said about gold benefiting and rising because
of weakness of the dollar and declining interest rates. And certainly this is, and
has been, true; and it is reflected in the GOLD vs. $USD (U.S. Dollar Index) chart
below. The U.S. Dollar Index is a basket of major currencies which includes the
Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and the Swiss
Franc. But, as you will see from the chart below, on February 8, 2005 gold began
to rally strongly in conjunction with the U.S Dollar. Read the entire story accompanying
the chart.
To view the Gold vs $USD chart, Click Here
Prices are indications only. Call ITM Trading Inc. for most current spot prices
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