The new year has started with several ups … and downs. Bullion was up, up and up. Oil was sharply up. However, the stock market wobbled and the US dollar weakened. For the record books:
- Gold rockets passed the 28-year old highs seen in January 1980, swept over the $850 barrier and reached up for a time to a new record of $864.90 an ounce on the New York Mercantile Exchange
- Platinum hits a record peak of $1,547 an ounce
- Silver reaches a five week high of $15.22 an ounce
- And for the first time in history, oil prices hit 100 US dollars per barrel
The following REUTETRS video report from 12:29 PM EST today provides highlights:
