Gold News

Gold Bullion and dollar relationship changing?

The relationship between Gold Bullion and the US dollar is purportedly changing.

That is according to Bloomberg, which suggests that the traditionally inverse relationship between the precious metal and the currency has taken on a more positive correlation this year.

The news provider said: "[The inverse] relationship has changed in 2010 as concern over Europe's economy reduced the value of the euro and boosted the investment appeal of both gold and the US currency.

"This year, gold has gained 7.7 percent while the dollar has rallied 5.1 percent against the currency basket."

Meanwhile, Mineweb has suggested that precious metals are being widely touted as offering potentially lucrative investments, with Gold Bullion placed as one of the anticipated high-returners along with silver.

The website said: "Last week's surge in the Gold Price [could] indicate that momentum is truly building to push the yellow metal into testing its December high point of $1226 an ounce."

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