.comment-link {margin-left:.6em;}

Economy

Economic Data (USA)

Tuesday, November 22, 2005

Gold Reaches for $500 As The Dow Hits 10,871.43

Benchmark December gold finished up at $492.90 per ounce today with increased jewelry-related demand coming from the robust economies of India and China. Gold probably won't make it to $500 per ounce this week due to the Thanksgiving holiday; the NYMEX exchange will close early tomorrow so the week is just about wrapped up.

$500 per ounce might sound like a very health price for gold, but to put things into perspective: gold hit $873 per ounce back in January of 1980.

Today's Numbers:

Dow Jones Industrial Average: Closed Up @ 10,871.43

NASDAQ: Closed Up @ 2,253.56

S&P 500: Closed Up @ 1,261.23


>  SITEMAP  <

0 Comments:

Post a Comment

<< Home


www.FedPrimeRate.com
Entire Website © 2019 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.