Forex | Forex | Weaker Dollar Ignites Surge in Gold (31/07/2009 18:01:04)

Weaker Dollar Ignites Surge in Gold

A less than expected contraction in the U.S. 2nd Quarter GDP has been tanking the Dollar all day. This weakness has encouraged traders to buy December Gold. The surge in the gold market has put this market in a position to resume the uptrend with a breakout over the last swing top at 962.70. September Silver is also rallying sharply higher. This market, however, has more upside potential, provided it can break out above the last swing top at 14.10. Following this move, look for a test of at


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