Treasuries and U.S. stocks rose as a report showing a plunge in home sales eased concern the Federal Reserve will cut stimulus efforts next month. Gold and oil rallied while the dollar weakened. Emerging-market equities gained for the first time in seven days.
DEC13 gold is up $25 today, perhaps on the back of a weak housing report this morning. We have $1,420 as a very key resistance level, then $1,480 as an important resistance level.