Gold Prices Reach Near $900 an Ounce, Tuesday, October 7th
The stock market continued to fall, even after the proposed $700 billion bailout bill passed. The bailout bill failed to help the stock market, and the Dow Jones lost another 500 points.
There are few safe investments left, but gold remains an attractive investment. Gold settled at $882 an ounce on the New York Mercantile Exchange on Tuesday. This was after it jumped $33 to $866.20 an ounce on Monday.
Although the US dollar is gaining back some of its strength, it also fell on Tuesday. Combined with the stock market crash, it’s easy to see why everyone is flocking to gold.
Article Source: Gold prices climb amid financial uncertainty
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Posted in Gold Price News