Gold futures ended the day up $24 at $1,189.80 per ounce on contracts for delivery in December, an all-time record, capping the longest rally in 27 years, as Bloomberg notes. This as U.S. dollar index futures fell 1.1% to 74.30 amidst a slew of positive data points, such as a bigger-than-expected hike in payrolls and lower-than-expected initial unemployment claims and higher-than-expected new home sales in October. (But durable goods orders unexpectedly declined.)� The dollar’s fall against the Euro today, breaking above $151, pales in comparison to its fall against the Yen, to $87.33 against the yen, almost a 14-year low.� Oil, meanwhile, staged a rebound after yesterday’s selloff, with Light Sweet Crude futures for delivery in January, rising $1.78 to $77.80 a barrel.
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