International Forex Inforamtion

Gold prices are falling at the moment as the dollar remained firm, sapping gold's appeal as an alternative investment, and on easing inflation fears as oil prices weakened. Gold has been hurt by the dollar's strength as investors have recently preferred the U.S. currency to bullion as a safe store of value amid fears over the economic outlook. 'At the moment, gold prices have been driven heavily by the movement in the U.S. dollar, but if we get down toward $900, we might see some opportunistic buying,' said David Moore, a commodities analyst at the Commonwealth Bank of Australia. Gold is trading at $920 as of 9:18am, London Time. Gold's Pool-Position is 42% Long, meaning that most Finotec clients are Selling the precious metal.