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Dollar falls, sending gold to record high

Posted By admin On November 16, 2009 @ 9:23 am In Economic Crisis,Old Infowars Posts Style | Comments Disabled

AFP
November 16, 2009

[efoods]The dollar fell on Monday as China accused the United States of increasing protectionism and following unexpectedly strong Japanese economic growth figures, pushing gold prices to a record high point.

US President Barack Obama is in China for a three-day mission aimed at convincing Beijing that Washington is its partner, not its rival.

As the dollar dropped against the euro and yen, gold struck an all-time peak of 1,133.20 dollars an ounce.

In late morning trading here, the euro climbed to 1.4969 dollars from 1.4918 dollars late in New York on Friday.

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