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U.S. Dollar Performance
January 2, 2008

Will investors run fore cover from Dollar exposure?


"Dollar fear sparks rush to oil and gold

Crude oil prices briefly hit the $100-a-barrel mark and gold prices jumped to an all-time high as investors on Wednesday poured money into commodities amid deepening fears about the weakness of the US dollar.

The oil price rally soured the first stock trading day of the year, with the Dow Jones Industrial Average closing 1.7 per cent lower, its worst start since a slide of 1.9 per cent on the first day of trading in 1983.

The dollar’s fall against the euro and the yen – which makes dollar-denominated commodities cheaper to non-US buyers – came after the US manufacturing sector slumped to its lowest level in five years during December."

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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