Browse > Home / Coming Economic Collapse / Dollar and Oil Hit New Records

Dollar and Oil Hit New Records

October 31, 2007

Oil hit a new record high of $93.80 and the dollar struck a new low yesterday as investors showed their growing certainty that the US Federal Reserve will cut interest rates on Wednesday.

The same conviction also saw gold approach $800 a troy ounce – its highest price for 28 years – while equities made gains. The move into gold reflects how investors fear rising inflation from the twin forces of higher oil prices and a weaker dollar.

Read Article

If this is your first time visiting Bible Prophecy In The News, I'd like to invite you to subscribe to our RSS feed. Thanks for visiting!

Written by admin · Filed Under Coming Economic Collapse 

Comments

Got something to say?