Gold Prices Down and Oil Price Rise

Gold prices declined again because the U.S. stock market increased slightly due to the positive financial report despite a number of technology companies listed company funds is negative. Quoted from The Street , Tuesday ( 07/20/2010 ) the price of gold in the spot market in New York fell approximately USD11 , 1 , or 0.9 percent to a position of USD1, 181 per oz on Monday afternoon local time .

Meanwhile, oil prices have increased. Quoted from Reuters, This black and gold prices rose after three days in advanced always weakened.

For delivery in August, oil prices in the New York Mercantile Exchange (Mercantile) rose 53 U.S. cents or 0.7 per cent to USD76, 54 per barrel. With is the trading range 0.5 – $ 77 USD75, 69 per barrels.

Earlier, U.S. stocks rose in early trading again last week. Encouragement that comes from the positive optimism and Technology Company earnings announce Boeing has received orders to production aircraft are key to the strengthening of Wall Street. However, the housing data gave a negative sentiment.

Where the Dow Jones index is rose 56.53 points, or eventually 0.56 percent, to 10154.43. While the index of the Standard & Poor’s 500 also rose 6.37 points, or 0.60 percent to 1071.25 as well as the Nasdaq rose 19.18 points, or 0.88 percent to 2198.23.

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