06/03/09 The money markets continued to seek a direction this session as moxed data led to mixed results.
Wednesday, June 3, 2009
Gold Rally Reflects Weak US Dollar
The gold rally is reaching its peak, according to Charlie Morris of HSBC Global Asset Management, who told CNBC that gold is “merely reflecting (US) dollar weakness.” Against other currencies, there is no rally, he said.
Tuesday, June 2, 2009
Pending Home Sales Jump
06/02/09 Pending Home Sales increased far more than thought in pril, a sign that the housing market maybe on the path toward recovery.
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