Updated from 11:27 a.m. EDT
Benign inflation data gave early holiday gifts to stock traders. But not to gold dealers, who saw the price of bullion plunge in Friday's market action.
Contracts for February delivery of gold closed down $11.80 at $619.10 an ounce on the Comex division of the Nymex. The bullion exchange-traded funds streetTracks Gold Shares(GLD Quote) and iShares Comex Gold Trust(IAU Quote) were both falling, off about 1.7% recently.
New Labor Department data revealed lower-than-expected growth in the consumer price index, spurring stocks higher with the Dow Jones Industrial Average recently up 0.3% at 12,450.57. The CPI figures showed zero growth during November vs. the consensus forecasts of 0.2%. The headline numbers were identical to those for the core rate, which excludes the volatile food and energy components. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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