Gold jumps, shares rev up

- December 16th, 2008

Gold Investing News reports gold prices jumped slightly as the dollar fell. Gold reached platinum prices, with both platinum and palladium falling on Friday in line with other commodities, following the collapse of a mooted deal to rescue ailing U.S. carmakers that knocked investors’ confidence. On Thursday night, a $14 billion bailout deal designed to aid … Continued

Gold Investing News reports gold prices jumped slightly as the dollar fell.

Gold reached platinum prices, with both platinum and palladium falling on Friday in line with other commodities, following the collapse of a mooted deal to rescue ailing U.S. carmakers that knocked investors’ confidence. On Thursday night, a $14 billion bailout deal designed to aid the struggling Big Three U.S. automakers collapsed in the Senate, as a dispute over union wages derailed a compromise between Republicans and Democrats who had worked feverishly to throw Detroit a lifeline.

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