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  • Unemployment hits 10.2% – CNNMoney
  • Treasurys pop after jobs report (CNNMoney)
  • Jobless Rate Hits 10.2% – BusinessWeek
    • ]]>     Gold powered through $1,100 an ounce Friday after the U.S. government said the nation’s unemployment rate rose more than expected last month, fueling demand for the metal as a safe haven.

    December gold jumped $6.40 and settled at 1,095.70 an ounce after surging to an all-time high of $1,101.90 an ounce earlier.

    Prices spiked after the Labor Department said the unemployment rate rose to 10.2% in October from 9.8% the month before. That marks the highest level since April 1983. Economists had forecast an increase to 9.9% [Full Story]

    Related posts:

    1. Unemployment hits 10.2% – CNNMoney
    2. Treasurys pop after jobs report (CNNMoney)
    3. Jobless Rate Hits 10.2% – BusinessWeek

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