Gold prices rose over 1% by midday in London yesterday before dropping at the New York open to a thirty cent loss

Gold
prices rose over 1% to $886.45 by midday in London yesterday before dropping at the
New York open to a thirty cent loss at $877.20.  

The gold price then rebounded
back to about a 0.5% gain at $882.35, before falling back off again
into the close and ending slightly off its session low of $872.60.  The price of gold in Euros remained at about €567.

USA Initial Jobless Claims for 8/02 is expected at 420,000 today. At 10AM the
Pending Home Sales report for June is expected at -1.0% and at 3PM is
Consumer Credit for June expected at $6.4 billion.

The
U.S. dollar index rose and treasuries fell again on lower oil prices
and evidence that poor economic data in Asia and Europe will prevent
other central banks from raising rates and instead remain unchanged
along with the Fed.

The
Dow, Nasdaq, and S&P all fell at the open on disappointing results
from Freddie Mac, but then rebounded back near unchanged after
oil fell back off again and all three indices ended with slight
gains.