Gold Makes New All-Time High
The price of gold is up strongly today to nearly $1,040. Gold and the S&P 500 had been tracking each other, but the S&P took a big lead over the summer. Now it’s close again. The S&P 500 is only about 14-15 points above gold.
In March 2008, gold reached a peak over $1,000 an ounce but it pulled back to nearly $700 by November. Since then, the price of gold has gradually climbed higher.
Posted by Eddy Elfenbein on October 6th, 2009 at 10:16 am
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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TSLA and MSFT both -4% AH
ATHs today for JPM, MS and BK
today's newsletter https://cws.substack.com/p/cws-market-review-january-28-2025
Nice earnings from Stryker. $4.01 vs 3.87 est.
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 