Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, November 11, 2010

Thursday

Continued worries about weakening currencies paired with a jump in Chinese consumer prices sent investors back to gold as an inflation and currency hedge. Gold continues to ride a wave of support after the Fed's announcement last week that it will buy $600 billion in Treasury bonds over the next eight months. Meanwhile, worries about sovereign debt in some European nations have been resurfacing, further supporting gold as a perceived haven. DJIA -73.94 Nasdaq -23.26 S&P 500 -5.17.