The weaker dollar index limited selling pressure in the precious metals.
The firmer U.S. dollar index limited buying interest in copper.
The weaker U.S. dollar index also limited selling interest in copper today.
While the stronger dollar index has limited the upside in the precious metals, history shows that both the greenback and gold can appreciate during times of keener market anxiety.
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While the U.S. dollar index is far from suggesting it can sustain any price uptrend, it does appear the index has limited downside potential at its present historical lows levels.
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The hedge fund index tracks a limited segment of the market, however, and may not have captured the 15% or greater declines some of the big funds have felt this year, analysts said.
As gold and silver traders await some significant, fresh fundamental news to give them near-term price direction, a stronger U.S. dollar index this week has limited buying interest in the metals.
The U.S. dollar index was firmer and that limited the upside in copper.
The U.S. dollar index was higher Wednesday, which limited buying interest in the precious metals.
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What I do know is that for the limited data set I have, the CRB index produced a nominal compound return of 0.77%, a real return of minus 2.16%, a standard deviation that is twice that of Treasuries, had a twelve month period with a loss of 48.74% and had a 27 year period with a negative compound return.
Gains in gold Monday were somewhat limited by a stronger U.S. dollar index that hit a fresh two-month high overnight.
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Gains in gold Monday are being limited by a stronger U.S. dollar index that hit a fresh two-month high overnight.
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Gains in precious metals were limited by a strong rally in the U.S. dollar index and sharply lower crude oil prices.
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That's right: If investors had purchased a scarce metal with very limited industrial uses ten years ago they would have wildly outperformed an index loaded with America's most promising companies.
Buying interest was limited by bearish outside markets that included a firmer U.S. dollar index and weaker crude oil prices.
If the dollar index continues to trend higher, gains in gold and silver are likely to continue to be limited.
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The Index evaluates countries in four broad areas of economic freedom: rule of law, regulatory efficiency, limited government and open markets.
That news boosted the U.S. dollar index but put modest selling pressure on many commodity markets, including the precious metals, and also limited buying interest in the U.S. stock indexes.
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