Author: 123jump.com Staff
123jump.com
Last Update: 5:03 PM EST March 30 2006
Market averages declined as investor refocused on inflation worries. Fourth quarter revised GDP of 1.7% from 1.6% led yield on 10-year bond to 4.87%. Oil jumped and crossed $67 per barrle and Nigeria, Iran and Venezuela contributed to the oil related jitters. Gulf of Mexico oil production is still 22% below pre-Katrina level. Gold and silver rose 25-year high and copper traded at record level.
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