Gold Expensive! Who Knew?

The worth of Gold is at an all time high (above $430 in Europe), which means everyone is happy except the US. With the weakening dollar investors are concerned, having hit a five-week low against the euro. Central banks are moving away from US dollar assets.


Gold rose to $431.25/432.00 per troy ounce from $427.00/427.70 compared to Silver which stood at $7.51/7.54 from $7.38/7.41 in London on Monday.

"Gold analysts have said that gold, which has struggled to rally decisively since hitting a 16-1/2 year peak in December at $456.75 should gain further this year as they expected the dollar to slide further." The euro is doing very well and is the outlook is positive. What does this mean for the U.S dollar than? Well for one, exports should be increasing and things should be looking very positive for large corporations.