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Wall Street: Stocks and gold up again

October 12, 2011 |  7:49 am

Wall Street: Stocks and gold up again
Gold: Trading now at $1,681 an ounce, up 1.2% from Tuesday. Dow Jones industrial average: Trading now at 11,522.26, up 0.9% from Tuesday.

Another up day. Stocks opened higher yet again as fear about the European financial crisis ebbs.

Fighting Volcker. Banks had been lobbying regulators hard before the release of a draft of the Volcker rule -- one of the most important pieces of the financial reform legislation -- and now that the draft is out, they will continue their lobbying effort.

Psychic help. As bankers try to figure out how to deal with tough economic conditions, at least some of them are turning to psychics for guidance. 

-- Nathaniel Popper in New York

Photo credit: Stan Honda / Getty Images