Replies to post #10455 on FOREX TRADERS

[jrbscrazy]

Here's a good story that explains gold's movement a little...

TOKYO (Reuters) - Gold fell on Monday, taking a breather after rising more than $10 an ounce to a two-week high on Friday, while Tokyo gold futures extended gains into the fourth session.

On Friday, gold climbed as high as $671.95, the highest since May 16, as a rise in crude oil prices and a faster-than-forecast growth in U.S. jobs fanned concerns about inflation.

http://investing.reuters.co.uk/news/articleinvesting.aspx?type=hotStocksNewsUS&storyID=2007-06-0...