FMX | Connect – www.fmxconnect.com - (Reported 4/1/2010)
Gold – Options Report – April 1, 2010
Market Prices
Bloomberg (Reported 4/1/2010)
“Gold rose to a two-week high in New York as an improving economy and weakening dollar spurred demand for the metal. Platinum and palladium climbed to the highest prices since 2008.
Equities gained around the world as signs of strength in global manufacturing and a drop in U.S. jobless claims boosted optimism about the economy. The dollar fell to the lowest level in almost two weeks against the euro.” Gold Rises to Two-Week High as Improving Economy Spurs Demand
MarketWatch (Reported 4/1/2010)
“Gold and other metals surged Thursday after a slew of stronger global manufacturing data and a drop in jobless claims in the U.S. pointed to higher commodities demand worldwide.
Platinum and palladium climbed to highs not seen since 2008. A weaker dollar was giving metals a further boost.” Metals rally on hopes global recovery gathering steam
Forbes (Reported 4/1/2010)
“Those who fear inflation will tell you to buy gold, but deflation's the real menace, which is no good for the shiny metal.
With a rise from just under $900 an ounce at the beginning of the year to a high of $1,227 in December, gold performed admirably in 2009. An accompanying gusher of bullish sentiment suggests, however, that we are not on The Road to $5000 Gold, as the title of a just-released book asserts.”Gold Won't Shine In The Deflationary Future
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