Forex | Forex | Metals regain ground as dollar loses traction (26/06/2009 07:28:09)

Metals regain ground as dollar loses traction

London, 26 June 2009 - The precious complex has trading modestly higher over the past 24-hours as the dollar lost ground after the Fed announced it would keep rates low and maintain its current stimulus programme. Gold posted a gain of 0.8% and has pushed to a two-week high above $944 this morning, the PGMs have been in a strong mood with palladium closing up 3.4% while platinum gained 2.8% and has rallied above $1200/oz overnight. Despite the better than forecast GDP reading the DXY posted a


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