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Gold hits highs of $940, Current Price is $924
IBT Times
April 11, 2008
Gold pushed as high as $940 just before the open of the New York session on Thursday, then fell off until the noon hour, but then reversed field once again, moving higher to finish at $929.40/oz., down $4.60. Overnight, gold has edged lower.
Platinum was higher in the European markets, but declined in New York, to end at $2026/oz., unchanged. Overnight, platinum has slipped lower.
Silver peaked at $18.40 in early London trading, fell off until mid-morning in New York, then traded sideways for the rest of the day, closing at $17.95, down 22 cents. Overnight, silver has been flat.
It was a mixed day for the precious metals, with early weakness giving way to a spate of buying later in the day, and no major changes by the end.
Oil Prices Above $112 As Supplies Fall, Current Price $110
AP
April 9, 2008
The price of oil has surged to a new record, with a barrel a crude trading above $112 a barrel on the New York Mercantile Exchange.
A government report that oil and fuel supplies were lower than expected last week gave crude a push past its latest milestone. But months of buying by speculators and by investors seeking refuge from a falling dollar have also lifted oil to its new heights.
Light, sweet crude for May delivery has traded as high as $112.16, surpassing the previous trading record of $111.80 set ast month.
US Dollar Hits New Record Low Against Euro
RTT
April 10, 2008
The US dollar declined against its major counterparts in early deals on Thursday, hitting a fresh record low against the euro. Against its other major counterparts, the dollar weakened to new multi-day low during this time period.
The US trade balance, initial jobless and continuing claims are the major economic events slated for release later in New York morning.
The US dollar plummeted to new record low of 1.5915 against the euro at about 5:10 am ET Thursday, compared to yesterday’s closing value of 1.5832.
The dollar may face $1.65 against the euro by October
Bloomberg
April 7, 2008
Optimism for a dollar rebound that pervaded the currency market at the start of the year is fading.
Futures traders doubled bets against the greenback in the past two months, data from the Commodity Futures Trading Commission in Washington show. Citigroup Inc., Deutsche Bank AG and Royal Bank of Scotland Group Plc, which handle almost 40 percent of global foreign exchange trading, say the currency may slump to $1.65 per euro by October.
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http://www.reuters.com/article/ousiv/idUSTRS00005820080409?sp=true
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http://allafrica.com/stories/200804100124.html
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http://www.nytimes.com/2008..Y&pagewanted=print
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http://www.iht.com/articles/2008/04/11/business/11soros.php
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http://www.washingtonpost.com/wp-dy../ST2008040803504.html
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