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Economy

Economic Data (USA)

Friday, December 09, 2005

All 3 Majors Up For The Day, But Down For The Week

What's going on with gold? Gold's price continues to climb (if you've been thinking about investing then now might be the right time) at a rate not seen since the double-digit prime interest rate days of the early 80's. Right now, the price of gold is @ $526.30 per ounce (€445.35). Some are saying that investors have lost their faith in the world's strongest currencies like The Dollar and The Euro. Others say that the gold buying spree has it's source in politics. Whatever the reason, some are predicting that the price of gold may continue to climb at the present rate for some time.

So I guess the real question is: got gold?

All 3 majors were up today but down for the week. On the week, the DJIA feel 0.91%, the S&P 500 fell 0.45% and the NASDAQ dipped by 0.73%.

Oil closed below the $60 mark @ $59.39 for a barrel of the light & sweet stuff.

Today's Numbers:

DJIA: Closed Up @ 10,778.58 (+23.46)

NASDAQ: Closed Up @ 2,256.73 (+10.27)

S&P 500: Closed Up @ 1,259.37 (+3.53)


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