Gold tops $1000
September 9th, 2009 by Lawrence Grasso
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 9497.34 | 56.07 | 0.6% |
| NASDAQ | 2037.77 | 18.99 | 0.9% |
| S P 500 | 1025.39 | 8.99 | 0.9% |
| FTSE 100 | 4947.34 | 14.16 | 0.3% |
| Nikkei 225 | 10393.23 | 72.29 | 0.7% |
| ASX 200 | 4,524 | 69.4 | 1.6% |
| COMEX Gold - Dec 09 | 999.8 | 3.1 | 0.3% |
| COMEX Silver - Sep 09 | 16.51 | 0.225 | 1.4% |
| COMEX Copper - Sep 09 | 295.6 | 8.95 | 3.1% |
| WTI Spot | 71.1 | 2.99 | 4.4% |
| AUD-USD | 0.8637 | 0.0018 | 0.2% |
| Aluminium | 1886 | 64 | 3.5% |
| Copper | 6465.5 | 168 | 2.7% |
| Lead | 2447.5 | 95 | 4.0% |
| Nickel | 18555 | 810 | 4.6% |
| Tin | 15100 | 400 | 2.7% |
| Zinc | 1967 | 58 | 3.0% |
The Dow Jones Industrials rose 56.07 points or .059 % as rising commodity prices and stirrings of corporate takeovers are making investors more optimistic about the economy. Stocks rose for the third straight day as gold topped $1,000 an ounce for the first time since February and oil jumped more than $3 a barrel. The rising prices helped lift material and energy stocks. The gains in commodities came as the US Dollar fell and investors looked for more ways to profit from an improving economy.
Australian stocks are set to rise on Wednesday, with resources firms such as BHP Billiton Ltd ( BHP) expected to lead, helped by a positive outlook for demand that pushed commodities prices up.
In economic news, retail sales and housing finance data for July would be released at 11:30 am, giving further clues about the strength of the Australian economy.
PDN
Paladin Energy Ltd. (PDN) The Australian company producing uranium in Africa said it plans to sell shares to fund acquisitions and pay for mine exploration and development. The company is selling as much as 93.45 million shares at between $4.45 and $4.70 apiece. Paladin shares surged 6.3 percent to $4.90 yesterday.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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