Money Matters, Simplified.
Gold climbs with equities in slump
Wed, 12/01/2010 - 06:51 by Prince damin
The Dow Jones industrial average lost ground for the third consecutive trading session and the fifth day out of the past six.
The DJIA lost 46.47 points or 0.42 percent. The Standard & Poor's index dropped 0.61 percent, losing 7.21 points to 1,180.55.
On the Comex division of the New York Mercantile Exchange gold prices gained $17.60 or 1.2 percent to $1,385.10. Crude oil prices for January delivery lost $2.02 to $83.71 per barrel.
The dollar was mixed with the dollar index down 0.06 percent. The U.S. dollar rose against the Australian dollar and fell against the South Korean won. It made gains currencies in most of Europe and lost ground against most of Asia.
The euro fell to $1.2982 from Monday's $1.3123. Against the yen, the dollar fell to 83.64 yen from Friday's 84.24 yen.
The Australia dollar fell to $0.9587 from $0.9633. Against the Hong Kong dollar, the U.S. standard fell to 7.7655 HKD from 7.7663 HKD.
The dollar fell to 1,157 South Korean won from Monday's 1,165.50 won.
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