The persistentstrength of commodity prices helps to explain why headline inflation rates have been stubbornly high in many countries, despite their struggling economies.
While the stronger greenback recently has been a bearish factor for the gold market, it can be argued the yellow metal has held up surprisingly well given the persistentstrength of the dollar.
Persistent yen strength continued to weigh on Japan's stock market as news of the U.S. Federal Reserve's intent to carry on with its easing measures pulled the dollar lower.