Indicative NZD$ Gold price movement.
The Gold price strengthened overnight due to concerns in the finance sector of further credit writeoffs in the near future. The NZD$ and AUD$ also dropped due to ECB disagreements possibly extending the global crisis, and drops in the commodities market affecting the export markets in both countries.
Euro Drops to One-Month Low on Concern ECB Discord Will Worsen
Govt Guarantee withdrawn from Viaduct Capital
Australia, N.Z. Dollars Fall as ECB Debate Fuels Growth Concern
US gold ends up 2.3 pct on stocks woe, credit fear
Gold price could hit $1,500
