Bullboard - Stock Discussion Forum iShares 1-10 Year Laddered Government Bond Idx ETF T.CLG

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada 1-10 Year Laddered Government Bond Index the Index, net of expenses. The Fund uses an indexing strategy to achieve its investment objective. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through... see more

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iShares 1-10 Year Laddered Government Bond Idx ETF > London gold up sharply as dollar slips

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Post by PGMBOY on Jul 07, 2004 9:13am

London gold up sharply as dollar slips

London gold up sharply as dollar slips -------------------------------------------------------------------------------- Gold rose sharply in London on Wednesday morning, driven by favourable currency factors as the dollar dropped heavily against the euro, making dollar-denominated gold cheaper for non-U.S. investors, dealers said. By 0938 GMT, spot gold was at $397.00/397.75, having touched a day high of $397.40. That compared with $392.30/392.80 quoted late in New York on Tuesday. The dollar slid to its lowest in over three months against the euro on Wednesday as high oil prices and mixed U.S. data curbed expectations for aggressive rises in U.S. interest rates.

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