What a day for gold, with wild swings up and down, still ending up though:


http://kitco.com/charts/popup/au24hr3day.html

That pattern closely parallels how the US dollar did against other currencies too, including EUR, AUD, CHF, JPY, and to a lesser extent NZD. (You can bring up intraday charts on http://betonmarkets.com if you're interested.)

BTW, a long time ago someone posted a link that showed charts of the price of gold in many different national currencies. I wish I still had that link.

Also, I wonder if that temporary drop in the gold price had anything to do with Bush's announcement that he was lifting steel tariffs. The drop didn't last long though.

-- Patrick


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