It's been a weak week for the U.S. dollar, with the Federal Reserve confirming its position between a rock and a hard place and leading to further strength in gold -- both the black and yellow varieties.
Oil traded above $142 last night, another fresh high. Diverse price pressures converged to create this rise, including the weaker U.S. dollar, recent attacks on oil infrastructure in Nigeria (an action causing Chevron
In related equity news, Transocean
Thursday's troubling drops in the major U.S. indices were only part of the day's story. Gold and the U.S. dollar index moved fairly dramatically in opposite directions, with gold crashing back above $930 an ounce and sending shares of gold stocks such as Yamana Gold
Check back with us next week for another Foolish spin on the week that was in commodities!
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