Gold Falls as Dollar Climbs

The head of commodity research at Morgan Stanley, Hussein Allidina said, "We believe uncertainty in the ongoing situation in Europe will continue to support the 10-year gold bull market into 2012 and expect the all-time high in real terms will be challenged.” Lance Roberts, the chief executive officer of Houston said, “The inverse relationship between the dollar and gold id working.” He further added, “The fear trade may, however, emerge soon and push gold higher.” Silver too has advanced by 10% in the year 2011. Platinum futures dropped by .2% and reached $US 1,644.10 per ounce. 

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