By Paul Quintaro
Friday's unemployment numbers were grim: the unemployment rate stands at 9.1%. The rate came as a shock to economists, who had anticipated a rate of 8.9%.
For unemployed Americans struggling to put food on the table there might be a solution: Sell your jewelry. Following the release of the unemployment figures, gold rallied nearly $15. It presently sits around the $1540 level, which is below its all time nominal high near $1570, but still less than 2% from the top.
The price of oil retreated, with WTI crude now less than $100 per barrel. An ounce of gold should fetch enough dollars to fill quite a few gas tanks.
The U.S. dollar depreciated against world currencies on the news, falling roughly 0.5%, to settle near $74. The Swiss franc rallied strongly against the dollar, rising nearly a full percentage point. For comparison, the euro appreciated only about
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