Friday, September 17, 2010

Gold price far from record in EUR and CHF terms - future uncertain

Fig. Gold in USD, EUR and CHF, 1 year, 2010-09-17
Source: Stooq

Depending on the currency in which you price gold, it has reached the new height in absolute terms (USD), is correcting after a strong fall in July (EUR), or stabilizing after it (CHF).

Based on your choice of currency, you may try to predict the future performance of the gold price. And it's not clear at all.

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