As anticipated, gold is moving up again as the US dollar strength is shown to be short-term. Here is a quote from Bloomberg:
"Gold rose the most in a week as a drop in the dollar spurred demand for precious metals as alternative assets. Silver, platinum and palladium also gained.
The dollar fell to the lowest level this week against a basket of six major currencies, losing as much as 0.5 percent. Bullion, which some traders buy as a hedge against inflation, typically rises when the dollar falls. The metal has gained 25 percent this year, touching a record $1,227.50 an ounce earlier this month, as the dollar slipped more than 4 percent."
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