Gold Continues To Reach New Highs: Acadiana Business Index
Mark Lasseigne tells you about a choppy day on Wall Street, as stocks just inched into the green, and gold hitting a new record.
- Dow Jones Industrial Average added 37 points to 10,855.
Today’s economic calendar was bare, but investors are looking to Federal Reserve Chairman Ben Bernanke's speech in Jackson Hole, Wyo., on Friday for potential signs of additional measures to stimulate the economy. Bernanke will address this annual symposium of policymakers, academics and economists from around the world.
Gold prices strengthened from renewed concerns about political instability in the Middle East, as a six-month civil conflict in Libya appears to be nearing a conclusion. Gold settled at new record of $1,891/ounce.
And oil prices fell, but then pared declines. The market focused on the prospect that exports from Libya will return to the market at a time of economic weakness.Crude-oil closed at $84.12 a barrel.