A rise in the prices of gold and commodities has sent stock markets around the world up, which is positive news for those with investments in the indices.
According to City Index, gold hit an all-time record high yesterday (November 23rd), leaving the dollar down against many other major currencies and boosting bank shares in London.
Also helping investments was the release of US Existing Home Sales data, which showed that the number of purchases of previously-owned properties in the country rose at the fastest rate in two-and-a-half years.
Nick Serff, market analyst for City Index, said: "A drop in sales to 5.5 million from 5.7 million had been forecasted. However, 6.1 million was reported, surprising stock indexes to the upside."
The firm recently reported that investors in the European stock market noted a one per cent increase in the continent's indices last week, thanks to the performance of mining companies .
Global stock market investments boosted by gold prices
Onlineshares Quote Line
0845 108 0505
Global stock market investments boosted by gold prices
Tue, 24 Nov 2009
Recommended links
Investments and online shares guidesInvestments enquiry form
Stock market investments
Invest in gold
Compare savings accounts
Choosing savings and investments
Ethical investments
| Stocks & Shares news |
|---|
| New chairman at Association of Investment Companies - Thu, 29 Jul 2010 |
| Investment with diversified portfolio recommended - Tue, 27 Jul 2010 |
| New guide to emerging market investments - Thu, 22 Jul 2010 |
| More News |
