Looking at Gold

Here’s an interesting chart. This is gold priced in dollars (black line) and euros (gold line):

You can see how the two lines have drifted farther apart, meaning the euro has gained against the dollar. But in euro terms, the price of gold has been fairly stable in the past few months. If I were a technical analyst, I might want to call that a trading range.

Posted by Eddy Elfenbein on July 20th, 2007 at 9:22 am

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