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Saturday, August 15, 2009
Gold Prices Finish Below $950
Gold prices fell on Friday as the dollar rebounded versus other majors, reducing the need to invest in the precious metal as a hedge outlet. The metal lost a little more than 1% for the week.December gold rose to $948.70 an ounce, down $7.70 on the session. Gold reached as high as $961.40...
Crude Loses More Than $3
Crude oil plunged on Friday amid energy demand concerns after a disappointing consumer sentiment report in the U.S. The drop took oil to its lowest closing level of the month.Light sweet crude oil for September delivery declined to $67.51 per barrel, down $3.01 on the session. Prices touched...
Dollar Firms Up Amid Economic Doldrums
The dollar finished a choppy week in typical fashion Friday, bouncing back from early weakness after another round of troubling economic data fueled renewed risk aversion.This marks the second day in a row that disappointing data signaled equities and riskier assets may have gotten ahead...
