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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Hawkmoon who wrote (54853)	6/21/2000 7:37:00 PM
From: goldsnow	Read Replies (1) of 116764

Treasuries have fallen in recent days on speculation the Fed's rate increases may not have done as much to slow growth and quell inflation as was shown in the past month's economic reports. Oil's 33 percent rally the past 10 weeks has added to expectations that higher prices are bound to show up in June inflation reports. Today, crude oil for August delivery rose almost 2 percent to $31.25 a barrel on the New York Mercantile Exchange. .... ....``Globally all bond markets have to compete,'' said Henry Willmore, chief U.S. economist at Barclays Capital. ``Higher rates in Europe will force ours up as well.'' quote.bloomberg.com

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