February, 2009
LiveWire Economics Blog - February 5, 2009 12:45
Gold pushes over $900 again
Gold currently (February 4) sits at just over $903 per ounce. The valuable resource it’s steadily rising higher and looks primed for another move over $1,000 sometime in the near future. Gold went over this mark briefly in the middle of 2008 before falling back a couple hundred dollars in the last several months.
Home sales surprise, car sales crash
Investors were impressed with the report on pending home sales for December from the National Association of Realtors (NAR). Stock prices rose about one per cent after the inspiring news. Investors and Americans have watched housing closely for a bottom, thinking this sector offers a potential clue of broader economic prospects.
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