The price of gold hit another record on Monday as the dollar resumed its downward trend, helping global equities to fresh highs for 2009. Asian and European bourses started the week in generally fine form and Wall Street joined the trend, with the S&P 500 claiming another peak for the year, closing above 1,100 as the MSCI all-country World index jumped 1.6% to its best level in 13 months. Stronger-than-forecast US retail sales numbers for October boosted the optimistic mood, though traders had a wary eye on a speech by Fed chairman Ben Bernanke, who said the Fed was attentive to changes in the dollar’s value.

This entry was posted by Gwen Robinson on Tuesday, November 17th, 2009 at 4:58 and is filed under Capital markets, Commodities. Edit this entry.