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Gold's Thursday gains stuck, for a change. In fact, the yellow metal had the kind of day we wish would be seen more often; a day when it rose despite collapsing oil, a rising dollar, and continued sell-offs in stocks. While gold had a good day, the other precious metals wilted on economic concerns. New York spot gold trading opened at, and maintained higher levels throughout the session. Although gains were capped at just above $750 and the upward push was likely fund-driven, the metal managed to pull off a de-couple today. Hope it lasts. Silver dipped under $9 again but was last seen only down 17 cents at $9.02. Platinum fell $35 to $773 and palladium lost $6 to $175 per ounce. Crude oil cratered massively, falling to $48.50 for the first time in three years, while the dollar rose to above 88 on the index, and the Dow plumbed new depths, falling 250 points, to the 7750 area.
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