Gold Rises the Most in Two Weeks in London as Crude StrengthensMonday, September 8, 2008 @ 6:54AMSept. 8 (Bloomberg) -- Gold rose the most in more than two weeks in London as crude oil strengthened, increasing the allure of the metal as a hedge against inflation.
Gold Advances in London as Dollar Drops, Crude Oil StrengthensMonday, September 8, 2008 @ 6:24AMSept. 8 (Bloomberg) -- Gold rose the most in more than two weeks in London as the dollar fell and crude oil strengthened, increasing the allure of the metal as a hedge against further declines in the U.S. currency and inflation.
Just the factsMonday, September 8, 2008 @ 5:48AMFor the week, the Dow sank 2.9% (down 15.4% y-t-d) and S&P500 fell 3.3% (down 15.4%). The Transports dropped 4.4% (up 7.0%), and the Morgan Stanley Cyclical index declined 3.8% (down 15.9%). The "defensive" Morgan Stanley Consumer index dipped only 0.4% (down 7.1%), while the Utilities sank 6.1% (down 17%). The broader market joined in the selling.
Gold climbs 1.4 pct on hopes of market stabilityMonday, September 8, 2008 @ 3:02AMTOKYO - Gold jumped more than 1.5 percent on Monday, lifted by a broad rally across the commodities spectrum on hopes that a U.S. bail-out of its top mortgage lenders would help investors return to riskier assets.
Global gold climbs 1.4% on hopes of market stabilityMonday, September 8, 2008 @ 12:17AMGold jumped more than 1.5 per cent on Monday, lifted by a broad rally across the commodities spectrum on hopes that a US bail-out of its top mortgage lenders would help investors return to riskier assets.