Voila! The Fed meets...the dollar will rise, inflation will fall and gold will be down. What else do we need to know? This is truly nauseating.
Aug 10, 2009, 10:43 a.m. EST
Gold falls below $950 an ounce on weak ETF demand, Fed
Copper price has doubled this year on economic recovery hopes
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By Moming Zhou, MarketWatch
NEW YORK (MarketWatch) -- Gold futures fell Monday for a fourth straight session, as sluggish investment demand pushed holdings in the biggest gold exchange-traded fund to the lowest level in three months.
Investors are also awaiting the conclusion of the Federal Reserve's two-day policy meeting that ends on Wednesday. The Fed is expected to tighten its monetary policy sooner rather than later, a move that could boost the U.S. dollar, reduce inflation worries and pressure gold prices. ......
