Tuesday, August 23, 2011

Dow Surges 200 Points, Gold Extends Losses

The risk-on trade accelerated in mid-day trading Tuesday, as U.S. equity
markets surged higher and safe havens such as gold and the U.S. dollar declined.
The Dow Jones Industrial Average (DJIA) climbed as much as 219.28 points, or
2.0%, to 11,074.63, fueled by gains in financials and cyclicals.

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