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Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the latter part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.trade4target systems are simply systems that base trades off of breakouts of recent consolidation areas.Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets forth the gold price versus various assets and key statistics:

Global money managers appear to be risk averse and searching for safe havens, but where are they parking their money?

Wall Street rebounded from mid-day losses as Financials led all gainers as stocks swung on news of Italy Prime Minister Berlusconi resigning.

Wall Street was sagging lower today, but a late rally in the day helped stocks to close in the green as investors keep a close eye on Europe's financial crisis.

Coming off the strong gains of October, Wall Street gets off to a rough start this month as Greece and the European debt crisis refuses to go away.