Gold has fallen to a low today of $1141.50. This decrease is due to a rise in the dollar based on the upbeat jobs report that was released. The dollar advanced steeply after the US Labor Department reported the labor market improved in November with the unemployment rate decreasing down to 10%. Gold always loses some value when their are reports of a strong and or strengthening dollar. As happy as I am of a strong dollar and reports of decreasing unemployment, I fear that this will not last. Unemployment is down due to the increase of temporary/part time employment for the holidays and if there is even a sense of dismal spending over the holidays expect the dollar to start moving towards a downturn.
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