Stocks Gain after Losses Last Week

U.S. stocks gained Monday, recouping part of last week’s losses, as investors anticipated the next round of Europe headlines. The Dow Jones Industrial Average lately was up 36.71 points, or 0.31%, to 11,903.10. The S&P 500 gained 1.65 points, or 0.14%, to 1,221.31. The Nasdaq Composite rose 5.86 points, or 0.23%, to 2,561.19.

Oil slipped to near $93 a barrel Monday in Asia as crude followed the region’s stock markets lower after North Korea announced the death of leader Kim Jong Il. Benchmark crude for January delivery was down 31 cents to $93.22 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September’s all-time highs until later 2012 at the earliest, according to a Reuters poll of 20 hedge fund managers, economists and traders. Almost half of respondents predicted bullion will fall to 1,450 an ounce in the first quarter next year, with three seeing prices as low as $1,400 an ounce.

European Central Bank President Mario Draghi has warned that struggling euro-zone countries that leave the euro bloc would still face great economic difficulties afterwards.

Goldman Sachs Group Inc. (GS) is poised to win the top spot among advisers on both global takeovers and equity offerings for the first time in five years, a sign the bank hasn’t lost the trust of corporate executives.






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