Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 21, 1980, when a settlement of $825.50 an ounce translated to an all-time peak of $2,163.62 an ounce in 2009 dollars. Gold rose as high as $1,252.50 per ounce before it settled, but that fell short of the intraday record of $1,254.50, set June 8.ĭespite the record, gold is far from its real peak, as measured in dollars adjusted for inflation. He said gold has maintained high prices even when the stock market is doing well and the euro is pulling off its lowest point, an indication that the precious metal has some value as a long-term investment. Gold has also shown signs that the price rise is not just a kneejerk reaction to economic volatility, said Adam Klopfenstein, senior market strategist at commodities brokerage firm Lind-Waldock. People were afraid of the dollar so they invested in the euro and now they're even more scared of the euro so they're looking for something to buy, and gold looks bright and shiny." "Gold has very little to do with economics and much more to do with emotions," said David Wyss, chief economist for Standard & Poor's.
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