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Finotec News Archive - May 08 2008

Gold slumps as US Dollar rises

A firm Dollar dampening sentiment is pressuring the Gold down

Joana Fonseca
08 May 2008

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A firm Dollar dampening sentiment is pressuring the Gold down, but oil hiking prices offer some support to the precious metal; Gold traded at $871.95 at 8:00am GMT. Furthermore, physical buying also gives the metal some support. “Gold is a bit depressed here”, said Senior Vice President Frederic Panizzutti at MKS Finance. “You cannot attribute the price weakness to demand, probably rather to non-physical related selling.”

Finotec Analysis Team
08 May 2008

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Real Time Economic Events

Event Date

Leading Index m/m(USD)	19.05.2008 14:00
Tertiary Industry Activity Index m/m(JPY)	19.05.2008 23:50
PPI m/m(EUR)	20.05.2008 06:00
BOJ Monthly Report(JPY)	20.05.2008 06:00
PPI m/m(CHF)	20.05.2008 07:15
German ZEW Economic Sentiment(EUR)	20.05.2008 09:00
ZEW Economic Sentiment(EUR)	20.05.2008 09:00
Wholesale Sales m/m(CAD)	20.05.2008 12:30
PPI m/m(USD)	20.05.2008 12:30
Core PPI m/m(USD)	20.05.2008 12:30
WMI Consumer Sentiment m/m(AUD)	21.05.2008 00:30
MPC Meeting Minutes(GBP)	21.05.2008 08:30
Public Sector Net Borrowing(GBP)	21.05.2008 08:30
Core CPI(CAD)	21.05.2008 11:00
CPI m/m(CAD)	21.05.2008 11:00
Leading Indicators m/m(CAD)	21.05.2008 12:30
Crude Oil Inventories(USD)	21.05.2008 14:30
FOMC Meeting Minutes(USD)	21.05.2008 18:00
All Industries Activity Index m/m(JPY)	21.05.2008 23:50
Trade Balance(JPY)	21.05.2008 23:50
Retail Sales m/m(EUR)	22.05.2008 08:00
Business Investment q/q(GBP)	22.05.2008 08:30
Industrial New Orders m/m(EUR)	22.05.2008 09:00
CBI Industrial Trends Orders(GBP)	22.05.2008 10:00
Core Retail Sales m/m(CAD)	22.05.2008 12:30
Retail Sales m/m(CAD)	22.05.2008 12:30
Jobless claims(USD)	22.05.2008 12:30
BOJ minutes(JPY)	22.05.2008 23:50
Trade Balance(CHF)	23.05.2008 06:15
Consumer Spending m/m(EUR)	23.05.2008 06:45
GDP q/q(GBP)	23.05.2008 07:30
GDP q/q(GBP)	23.05.2008 07:30
GDP q/q(EUR)	23.05.2008 09:00
Existing Home Sales(USD)	23.05.2008 14:00

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