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Wednesday, October 15, 2008
Gold Ends Slightly Lower Amid Market Uncertainty
Moming Zhou
MarketWatch Pulse
NEW YORK -- Gold futures ended Wednesday's volatile session down slightly, as nervous investors watched government efforts in the U.S. and Europe to rescue the ailing financial industry. Gold for December delivery closed down 50 cents at $839 an ounce on the Comex division of the New York Mercantile Exchange. It rose to $859.20 earlier, but also fell to as low as $833.10.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.






