(Reuters) - Gold was mostly steady on Monday as the dollar fell to a record low against the euro and a six-week low against the yen, while Tokyo gold futures gave up earlier gains and fell.
The dollar was hurt by continuing worries about the U.S. subprime mortgage sector and some unwinding of yen carry trades, which involves the selling of low-yielding currencies, such as the yen, to invest in higher-yielding currencies and assets.
Read more at Reuters Africa
The dollar was hurt by continuing worries about the U.S. subprime mortgage sector and some unwinding of yen carry trades, which involves the selling of low-yielding currencies, such as the yen, to invest in higher-yielding currencies and assets.
Read more at Reuters Africa
No comments:
Post a Comment