Gold prices are rising which indicates the economy is in for more down times. Gold has always been a good indicator of economic confidence, which means the US dollar is in for a beating. Other world countries are considering changing the monitary standard away from the US dollar and possibly into the Chinese dollar. Read more at : Reuters
Wednesday: Oct 7, 2009 9:25 EDT Gold Prices $ 1,048.20 an ounce.
GOLD FUTURES: hedge funds indicate increasing interest in gold continuing to rise, as the economy continues to tumble and higher US unemployment figures are expected in the future.
- Gold Prices are a Good Economic Health Indicator
TAGS: gold futures, gold prices, high gold prices, economic indicators, economic turmoil, commerce, politicol.
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