Gold Drops in London as Dollar Strengthens on U.S. Jobless Data

"We've seen the dollar strengthening, which is negative for gold,'' Rodion Rahnayev, a senior dealer at trading-system operator Finotec Trading U.K. Ltd., said by phone from London. "The sharp drop in oil'' also pushed gold lower", he said.

Finotec Analysts in the News
01 August 2008

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"We've seen the dollar strengthening, which is negative for gold,'' Rodion Rahnayev, a senior dealer at trading-system operator Finotec Trading U.K. Ltd., said by phone from London. "The sharp drop in oil'' also pushed gold lower", he said.

For complete article see Bloomberg Site

Finotec Analysis Team
01 August 2008

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Sagiv Peretz, a senior dealer at trading-system operator Finotec Trading U.K. Ltd., featured on Bloomberg.com.

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