Commodities
Gold Prices Drop; Dollar Rises vs. Euro
05/01/08 - 12:16 PM EDT
Simon Constable
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The streetTracks Gold Shares(GLD - Cramer's Take - Stockpickr), which holds bars of gold bullion, was down almost 3%. One euro was buying $1.5482, down from $1.5637 on Wednesday. The dollar was buying 103.83 Japanese yen, marginally changed from 103.87 yen previously. The British pound was selling for $1.9765, down from $1.9889. The CurrencyShares Euro Trust(FXE - Cramer's Take - Stockpickr) was down 1%, and the CurrencyShares Japanese Yen Trust(FXY - Cramer's Take - Stockpickr) was lower by 0.1%. The CurrencyShares British Pound Sterling(FXB - Cramer's Take - Stockpickr) was off 0.5%.
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