Greenback Falls, Sending Precious Metals Skyward
Source: http://Blog.QualityStocks.net/?p=13253Posted on Tuesday, November 4th, 2008 | In Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -
The U.S. dollar fell dramatically against other world currencies on Tuesday, boosting gold and other precious metals, which have been trading inversely to the greenback for several weeks. Even greater than that of gold, were the rallies seen in copper and silver futures. December-delivery copper jumped more than six percent to $1.955 per pound on Globex, while December silver rose to $10.40 an ounce, up from $9.75.
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