December 28, 2010
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RELATED TICKERS: GLD
USD index contains 2 sucker currencies : EUR and GBP
Aussie and Canadian dollar are better indicators:
CNBC has no clue and here the headline goes
Gold Climbs Above $1,400 as Dollar Sinks
USD index cut its loss as EUR sink. Gold and silver are holding up their gains even when USD index cuts its loss from -0.6% to -0.02%...
Well, they change the article title after the market close. It becomes:
Gold Rises, Settles Above $1,405 in Thin Trading
It was actually above 1411 spot. The 1405 number is February futures.