The Gold fix price is back up around the $739 mark recovering from a recent dip. The market seemed to be awaiting news of the latest decision by the Fed on interest rates later today before deciding which way to move. The Dollar has started getting stronger just of late and that could halt Gold in its tracks. Also a recent flood of scrap Gold reaching refiners around the world has reduced the demand for the metal in the industry. The recent highs in the Gold market have caused many to sell their scrap Gold and cash in on the high market price.

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This entry was posted on Tuesday, October 9th, 2007 at 4:13 pm and is filed under Gold. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.