Articles in the Finance Category
Agroproducts, Energy, Finance, Gold »
Gold prices rebounded Friday as the dollar gave back some of its recent gains and fell against other major currencies. Energy prices slipped, while agriculture futures rose.
Gold, which investors often use as a hedge against inflation, tends to move inversely with the dollar. The greenback has gained strength in recent months as currencies around the world weakened due to the worsening economic outlook. But the dollar changed direction Friday, falling against the euro, British pound and Japanese yen in response to the U.S. government’s latest efforts to help prop up the ailing financial industry.
