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    Gold jumps, shares rev up

    Melissa Pistilli
    Dec. 16, 2008 07:28AM PST
    Market News

    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 …

    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.

    For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.

     

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