Gold prices are rising on safe haven demand, gaining as global economic uncertainty sends the financial markets reeling. Gold is moving in tandem with the U.S. dollar as forex traders look for ways to invest safely.

Indeed, the U.S. dollar is up against all major currencies, gaining ground as equity markets fall and as worries about Chinese growth and European sovereign debt threaten the global economy. The U.S. economy is not helping matters, either.

For now, it looks as though gold prices might rally, and that the U.S. dollar will move with them. As long as there is demand for safe haven, gold is likely to shine.

See Also

• Euro in Forex Trading
  Gold and U.S. dollar as safe havens for forex traders

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