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Gold Breaks $1,100

Gold broke through the $1,100 an ounce barrier today on news that Sri Lanka is the latest country to sell part of its US dollar holdings in order to buy gold. The announcement comes just days after India bought nearly $7 billion in gold.

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Posted by Dean Popplewell at 5:58 am EST, 12/23/2009
Posted by Dean Popplewell at 5:54 am EST, 12/23/2009
Posted by Dean Popplewell at 5:52 am EST, 12/23/2009
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December
23
Today’s Global
Market Events
8:30 am

CAD
GDP m/m
0.3% vs. 0.4%
USD
Core PCE Price Index m/m
0.1% vs. 0.2%
USD
Personal Spending m/m
0.6% vs. 0.7%
USD
Personal Income m/m
0.4% vs. 0.2%
9:55 am

USD
Revised UOM Consumer Sentiment
74.0 vs. 73.4
USD
Revised UOM Inflation Expectations
2.1%
10:00 am

USD
New Home Sales
442k vs. 430k
10:30 am

USD
Crude Oil Inventories
-1.5m vs. -3.7m
6:50 pm

JPY
BSI Manufacturing Index
11.2 vs. 15.5
JPY
Monetary Policy Meeting Minutes