U.S. stock indexes climbed on Thursday, with their biggest single-day gains in a month, while the dollar rallied, oil jumped more than $1 a barrel and gold popped above $500 an ounce to its highest level in nearly 23 years.
But U.S. Treasury bond prices fell on concerns that strength in U.S. manufacturing data would give the Fed another reason to keep raising interest rates.
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does this mean oil prices are going to rise again? Are we doomed with high prices on oil and gas? How is the gold rising going to affect us?
Thursday, December 01, 2005