Subscribe to Our RSS Feed
Keep up to date on C4G Blog by subscribing to our feed in your favorite RSS reader or by email.

Subscribe Rss Feed



Most Popular Articles
bullet Dow Jones Down Over 300 Points
bullet AccountNow Prepaid Visa Review
bullet GOOG Drops 5% - Google Shareholders Taking a Beating
bullet 10 Highest Priced Stocks
bullet Nouveau Riche University
bullet HostGator Sucks - Fraudulent Billing
bullet The Hottest Sleeper Real Estate Investments in Europe
»» 50 Most Popular Articles...

Consumer Information

FRB - Consumer Handbook on Adjustable Rate Mortgages.
FTC Consumers - FTC Bureau of Consumer Protection.
Find A Lawyer - Searchable US Lawyer and Attorney Database.
US Demographics - US State Info and Demographic Data







[Most Recent Quotes from www.kitco.com]


January 11, 2008

comment Gold Hits Record $900 Per Ounce

Filed under: Financial News, Gas and Oil Prices, Precious Metals — C4G @ 5:20 pm

Gold futures briefly rose above $900 an ounce Friday for the first time as high oil prices, a weak dollar and fears of a U.S. recession led uneasy investors to keep buying the precious metal.

An ounce of gold for February delivery on the New York Mercantile Exchange jumped $6.50 to $900.10 in morning trading, an all-time high and a psychologically important milestone. Gold later slipped to $898.70 an ounce on profit-taking but remained in record territory.

“It’s a reflection of market sentiment: Gold is a hedge against uncertainty and right now it’s the best bet,” said Carlos Sanchez, a precious metals analyst at CPM Group in New York. “None of the other investment options look that great and gold does.”

Again, it’s no suprise that when oil prices rise, gold prices rise and the stock market falls. True to form, Wall Street plunged again Friday amid renewed fears that the financial sector’s troubles with bad credit won’t soon end and that some consumers are buckling under the weight of a slowing economy. The major indexes each lost more than 1 percent, including the Dow Jones industrials, which finished down nearly 250 points.



• • •

No Comments »

No comments yet.

Comments RSSTrackBack URI

Leave a comment


Previous Related Posts :


Recent Comments
Leon : Part of me thinks this is hilarious, part of me thinks it is tra...
DG : Paypal are not as perfect as some of you try to make out. I live...
Jessica : Ponzi schemes are the worst kind of financial trap to fall into,...
Denise : Just to let everyone know. Acct Now is not accepted at ANY car...
seabrook island real estate : Financing for the Real Estate Purchases was a good thing but the...
Hotelier : Thanks for beware. Now I will know what to do in order not to be...
Simon : This is very sad news but unfortunately something which was alwa...
More Resources
Small Business Association - Help and resources for business.

find a financial planner- Find a financial planner through Paladin Registry's more than 100 certified financial planner's in our directory, who work on ethics and skill versus better sale tactics


motorcycle accident los angeles

Add to Technorati Favorites

BRDTracker

Valid XHTML 1.0 Transitional u comment i follow

Powered by: WordPress