Gold: At its low earlier today, Gold was down over $400 from its high earlier this month. Just in the past few days, the metal has dropped dramatically.
Gold (One Year)
European Debt Crisis: Europe survived the weekend without any major calamities. Additionally, around 2:00 pm, European officials discussed plans to ease the crisis. This was interpreted as marginally good news, helping to propel the market higher. This remains a major driver of the market from day to day.
Market Today: The market opened the day flat, and weakened after the open. Later in the day, as incrementally positive news came out of Europe, the market rallied strongly. In the end, the market closed about two percent higher. Most sectors rose today, although I did notice a few weak technology stocks.
Have a good day! Brent
