11
November
Gold hits fresh peak and equities near year highs
11 November 2009 The Financial Times
Gold hit a new peak and London stocks drove to a high for the year after a slip in the dollar to a fresh 15-month trough encouraged traders to reinvigorate the strategy that favours riskier bets.
As the greenback dropped below the 75-point level on a trade-weighted basis, US equity futures spiked, suggesting the S&P 500 would begin trading above its previous closing high for 2009 of 1,097.91.
Sentiment was also helped by European investors taking a more optimistic slant on a batch of economic data out of China that had earlier left Asian peers somewhat unmoved.
http://www.ft.com/cms/s/0/ff57fa6c-ce88-11de-8812-00144feabdc0.html
