Economy

xchrom

(108,903 posts)

44. Gold falls to 3-week lows as crisis boosts dollar

Mon Dec 12, 2011, 11:39 AM

Dec 2011

http://economictimes.indiatimes.com/markets/commodities/gold-falls-to-3-week-lows-as-crisis-boosts-dollar/articleshow/11082216.cms

LONDON: Gold fell to a three-week low on Monday, after a rise in the dollar prompted enough selling to push the bullion price through a key level of support, in spite of the persistent worry about the lack of a solution to the euro zone debt crisis.

Last week's summit of European Union leaders yielded a historic agreement on beefing up fiscal discipline in the 27-member bloc, but fell short of market expectations for a more drastic solution to the crisis.

This lack of confidence in Europe pushed investors into the relative safety of the U.S. dollar, rather than gold, which has fallen by about 5 percent in the last week alone.

A stronger dollar often encourages non-U.S. holders of gold to sell the metal to lock in a higher profit in their own currencies.

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STOCK MARKET WATCH, Monday, December 12, 2011 [View all] Hugin Dec 2011 OP

Good test run. You comfortable doing this???? dixiegrrrrl Dec 2011 #1

Me? Hugin Dec 2011 #3

I think it belongs in LBN for the same reason that even NPR updates Market numbers all day bread_and_roses Dec 2011 #23

Yes. n/t Ghost Dog Dec 2011 #37

Yes it does. The move isolates and marginalizes. zogofzorkon Dec 2011 #58

agreed Roland99 Dec 2011 #78

Quite a few members have alerady stated they like having it here..but... dixiegrrrrl Dec 2011 #63

It will certainly be effective in limiting spotbird Dec 2011 #112

About one half the average number of views today. n/t Tansy_Gold Dec 2011 #114

Damn, took me 2 days to find this :S nc4bo Dec 2011 #118

But we are glad you did Tansy_Gold Dec 2011 #119

First rec! hamerfan Dec 2011 #2

First DU3 recce, too! Hugin Dec 2011 #4

I hope so too CatholicEdHead Dec 2011 #8

Looks great! Ruby the Liberal Dec 2011 #5

Rec#4 DemReadingDU Dec 2011 #6

Testing charts Ghost Dog Dec 2011 #7

Looks great! westerebus Dec 2011 #10

So glad you got the charts back up! dixiegrrrrl Dec 2011 #49

thanks westerebus Dec 2011 #9

Wow, this is like back to the future. It's already Monday somewhere, I guess - LOL! InkAddict Dec 2011 #11

Thank you for your wisdom, IA. Hugin Dec 2011 #12

Thank you, thank you, thank you, thank you all . . . amandabeech Dec 2011 #13

I'm glad we've got a spot, anyway. Fuddnik Dec 2011 #14

"All I ask is a stout Tub and a star to sail her by." Hugin Dec 2011 #15

Make sure that tub ain't the one Buffett bathed in. Po_d Mainiac Dec 2011 #28

Don't you mean Norquist, as in drown a government in? Demeter Dec 2011 #60

Lol..I was thinking of Pres. Taft's tub. dixiegrrrrl Dec 2011 #65

Buffett is Buffett Po_d Mainiac Dec 2011 #69

Thanks so much for all of the recces, everyone. Hugin Dec 2011 #16

I will not be reccing. . . . . . . .anything. Tansy_Gold Dec 2011 #24

Tansy, I want to address your concerns. dixiegrrrrl Dec 2011 #48

I just want to make sure that everyone understands Tansy_Gold Dec 2011 #68

The ignore feature is being programmed, will be here shortly. dixiegrrrrl Dec 2011 #70

Good luck with all that, but... Loge23 Dec 2011 #85

Thank you, Loge23, and you are not entirely incorrect Tansy_Gold Dec 2011 #91

Perhaps lobbying the rotating honchos at LBN and/or Admin could recover SMW posting rights there, Ghost Dog Dec 2011 #98

I did not want to ignore your thread. dixiegrrrrl Dec 2011 #92

Once again, the SMW thread that was posted and locked was NOT a current SMW OP Tansy_Gold Dec 2011 #97

Now I gotcha. dixiegrrrrl Dec 2011 #99

Yes. Very revealing design-choices have been taken Ghost Dog Dec 2011 #79

If you're going to be running around the house nekkid Fuddnik Dec 2011 #50

. Tansy_Gold Dec 2011 #81

How do you rec now? spotbird Dec 2011 #113

Egypt's economy worsens Ghost Dog Dec 2011 #17

Why Egypt's Economy Matters xchrom Dec 2011 #51

Wow...what a cool link. dixiegrrrrl Dec 2011 #66

You'll find lots of such sites at this news aggregator: Ghost Dog Dec 2011 #80

European stocks back under pressure after summit Ghost Dog Dec 2011 #18

Today's Report Pale Blue Dot Dec 2011 #19

Oil falls below $99 ahead of OPEC meeting Pale Blue Dot Dec 2011 #20

U.S. Stock-Index Futures Drop as Germany Opposes Further ECB Bond Buying Pale Blue Dot Dec 2011 #21

NYSE Technical Glitch Affects Bank of America, IBM, More. Po_d Mainiac Dec 2011 #31

Does that tie in with today's downside? Demeter Dec 2011 #61

Thank you, Hugin, for starting this thread Pale Blue Dot Dec 2011 #22

Well, I found you all Demeter Dec 2011 #25

Did you switch over to classic mode in "your account" tab? dixiegrrrrl Dec 2011 #67

Still Ugly, but at least it covers the screen Demeter Dec 2011 #101

No worries, I am not taking it personally. dixiegrrrrl Dec 2011 #104

Thank you all for your tenacity to make SMW work Mira Dec 2011 #26

Europe�s Deadly Transition From Social Democracy to Oligarchy MICHAEL HUDSON Demeter Dec 2011 #27

Thank you for posting this, I had it book marked to post and forgot to! dixiegrrrrl Dec 2011 #74

Morning everybody. Thank you Hugin. n/t Hotler Dec 2011 #29

Would someone one please be so kind westerebus Dec 2011 #30

I did n/t Tansy_Gold Dec 2011 #38

He's busy fomenting revolution on LBN. Fuddnik Dec 2011 #52

Yay! I found you! Viva_La_Revolution Dec 2011 #32

Yay, I found you ! Mojorabbit Dec 2011 #33

Pakistan trade deficit widens Mojorabbit Dec 2011 #34

Change is opportunity Loge23 Dec 2011 #35

Turkish Economy Booms Ghost Dog Dec 2011 #36

good morning -- thanks miss tansy xchrom Dec 2011 #39

Corporate panic doesn't bode well for earnings xchrom Dec 2011 #40

I don't seem to be able to find the rec button. Roland99 Dec 2011 #41

If you already hit the rec button yesterday, when the thread started, Fuddnik Dec 2011 #42

oh I see it. It's with the other junk (twitter, facebook, etc.) Roland99 Dec 2011 #47

Someone had a thread on this the other day Ruby the Liberal Dec 2011 #108

south asia: Sensex slides to 2-week closing low; RIL leads losses xchrom Dec 2011 #43

Government, industry to discuss growth slump xchrom Dec 2011 #45

Gold falls to 3-week lows as crisis boosts dollar xchrom Dec 2011 #44

Economists forecast deeper UK recession Ghost Dog Dec 2011 #46

Just in case...... Fuddnik Dec 2011 #53

Next time you disappear.... AnneD Dec 2011 #84

Michael Valentine Smith would be a good nom de guerre Demeter Dec 2011 #102

europe: Spain tops the European table for number of overqualified workers xchrom Dec 2011 #54

The End of Old Europe Why Merkel's Triumph Will Come at a High Price xchrom Dec 2011 #56

Fascinating power play going on over there. dixiegrrrrl Dec 2011 #75

There is a lot of deja vu going on, and to different periods of modern European history. amandabeech Dec 2011 #87

or, rather, the people BEHIND the politicians. dixiegrrrrl Dec 2011 #94

Certainly one must consider that. amandabeech Dec 2011 #106

The Crisis Has Reached a Systemic Level' xchrom Dec 2011 #57

Britain � like the Cayman Islands, in the rain xchrom Dec 2011 #55

At least I could kiss a stingray in the Caymans. Fuddnik Dec 2011 #64

-239 at Noon Demeter Dec 2011 #59

How long can it LURCH back and forth like this before it really crashes? PassingFair Dec 2011 #62

A little Queen in the late morning is good to hear. dixiegrrrrl Dec 2011 #76

I think it's cool the way... PassingFair Dec 2011 #77

That remains to be seen Demeter Dec 2011 #109

Woo Hoo! Thanks "Hugin" it great to see this back! KoKo Dec 2011 #71

Hey, KoKo! Hugin Dec 2011 #72

Of course we don't need financial industry regulation!!!! Roland99 Dec 2011 #73

Well, perhaps here is a market opening for a firm actually contractually committing itself to not amandabeech Dec 2011 #88

AnneD checking in...... AnneD Dec 2011 #82

Hey there, AnneD. Hugin Dec 2011 #83

Great... AnneD Dec 2011 #86

Dyslexics of the world, UNTIE!!!!! Fuddnik Dec 2011 #89

So long as you remember how to segue without a Segway, AnneD Ghost Dog Dec 2011 #90

Your browser should have spell check , no? dixiegrrrrl Dec 2011 #96

You bet your sweet bippy! Demeter Dec 2011 #103

I found it! tclambert Dec 2011 #93

Glad you made it...... AnneD Dec 2011 #117

U.S. Stocks Fall on Rating Comments Ghost Dog Dec 2011 #95

Euro Summit Failure Underscores Need for Sovereign Default Ghost Dog Dec 2011 #100

So the banksters only solution is to keep building TARPS, dixiegrrrrl Dec 2011 #105

Yeah, really cool, huh? Just look at the commissions and bonuses! Ghost Dog Dec 2011 #107

Mr. 12K RUMMYisFROSTED Dec 2011 #110

why is it dated May 16th?? n/t NMDemDist2 Dec 2011 #111

Because I was editing the template. n/t Hugin Dec 2011 #115

Want to make sure you saw this: snot Dec 2011 #116