The Dow is up 114 as traders buy on hopes interest rates won't rise quickly. Gold is off for a 4th straight day and may have more to drop.
The metal is in danger of giving up all its gains since its mid-April low. Some talk has gold falling to $1,250 an ounce.
Gold in particular may be at a tipping point: It could either stage a rally or sink into further declines.
Gold has fallen more than 20% since the summer of 2011, as worries about domestic economic problems ease and fears of a government default dissipate.
It's gold's fifth straight decline, as precious metals and crude oil take a dive. Worries the Fed may end its policy of low-interest rates and a rising dollar are 2 reasons for the slump. Stocks tumble as well.
2013 will be a good year for stocks, and particularly strong for gold and silver.
Precious metals take a beating after the Fed announces continued stimulus measures.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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