Wall Street finished with gains; Gold holds below $1,100

30 December 2009 @ 04:43 pm EDT

FXstreet.com (Córdoba) - On the last complete day of trading of the decade stocks rose in Wall Street. A late hour rally sent main indexes to the positive side. The Dow Jones rose 0.03% and the Nasdaq gained 0.13%. Gold is falling for the third consecutive day and failed to rise back above $1,100. Dollar moved away from the highs of the day.

A better-than-expected increase in the Chicago PMI showed that business activity in the U.S. continues to expand. Stocks started weak after the report on concerns that the Federal Reserve could start sooner to withdraw monetary stimulus.

Crude oil rose to a 1-month high and is consolidating above $79 a barrel. On the opposite side, gold fell to 1,085 but then managed to get back above 1,090.

Dollar moved away form the highs of the day on a volatile session. EUR/USD fell momentarily below 1.4300 but then rose back above 1.4330. GBP/USD is now calm, hovering around 1.6070. The Yen is consolidating losses across the board.

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Copyright 2008 FOREXSTREET S.L, All rights reserved

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