Here’s what is happening on Friday to the following indexes, commodities and currencies:
Both the Dow Jones Industrials and the S&P 500 futures are down in pre-market trading.
Oil prices continued to slide through the night to a new low of $86.43 Friday morning. The price of light sweet crude oil has not been this low since February 2011. Its highest price this year was $113.93 on April 29.
Gold bounced back from its low of $1646.53 on Thursday to $1666.95 on Friday before the markets opened in America. During the 2008 financial crisis, gold spot prices fell almost 29 per cent. Since the low, the price has rebounded more than 130 per cent to record highs.
The Canadian dollar continued to slide Friday morning compared to the U.S. dollar. Before the American markets opened it was at $1.0177. It hit a peak at $1.0601 on July 21. Analysts had expected the Canadian dollar to beat its recent-history high in November 2007 of just over $1.10 by the fall.
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