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Gold has made a new high, trading above $1100.00, commodities on the rise, and the dollar down against almost every major currency in the world

No news but a lot of action as the new week begins. Gold has made a new high, trading above $1100.00, commodities on the rise, and the dollar down against almost every major currency in the world. Oil has rebounded, trading at $79.50 (up over $2.00), as the approach of Hurricane Ida has traders on edge. Stocks got a lift from Europe and Asia with the Dow currently up 130 points. Bonds, notes, and MBS continue to hold up well despite 101 billion in supply coming this week.

2009-11-09T13:38:22-06:00November 9, 2009|Austin Mortgage Market|