(Best Syndication News) The U.S. dollar and gold prices fell today while investors turned their attention to equities (see forex and futures charts below). The Dow Jones Industrial Average (DJIA) jumped 143.95 points (+1.29%) to 11,320.71. Meanwhile gold fell nearly six percent and the dollar slumped. Precious Metals Gold prices slid for the second day after six straight days of advances (see survey #2 settle price chart below). December gold on the COMEX fell $104.00 (-5.59%) to $1757.30 a troy ounce. “This is not the bubble I saw in 1980”, Michael Fuljenz of Universal Coin & Bullion in Beaumont, Texas tells Best Syndication News. “The trend is upward in a more orderly fashion, although there will be retracing periodically.” September silver on the COMEX fell $3.13 (-7.40%) to $39.16 an ounce. Both gold and silver prices in Asia declined Wednesday. Gold on the Tokyo Commodity Exchange (TOCOM) fell 170 yen (-3.74%) per gram to ¥4,370. That works out to $1,778.42 a troy ounce. Platinum and palladium was also lower in New York and Japan. Energy Prices An improving economy could increase the demand for energy. Brent crude on the Intercontinental Exchange (ICE) jumped 95 cents (+0.88%) to $109.31 a barrel. Light sweet crude (WTI) fell 28 cents (-0.33%) to $85.16 a barrel. Natural gas hit a 100-day low Wednesday. Currency Exchange Rates The U.S. dollar (USD) declined early vs the euro (EUR) but gained vs the Japanese yen (JPY). Later in the day the greenback turned lower against both currencies (see average chart and intraday chart below). The euro gained versus most currencies with the exception of the Canadian dollar (CAD). Meanwhile, the British pound sterling (GBP) declined broadly. See the cross charts below for more details.

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