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