Wall Street Roundup: Gold’s hold, busy day for Goldman Sachs

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Price of gold: $1,388 per ounce, down 1.5%; Dow Jones industrial average: 11,285.48, down 0.5%.

Signs of life. The number of people applying for unemployment benefits dropped again last week, a hopeful sign for job seekers.

Gold’s glitter. Amid all the buzz about the rising price of gold, a commentator notes that much of the talk of historic prices for the precious metal have become overblown.

Bad day for Goldman. On the same day that it announced that it had paid a big fine to regulators and was the subject of a previously ignored mortgage lawsuits, Goldman Sachs also fired an executive in London for violating rules about disclosures.

Wall Street woman. The New York Times looks at what life is like for Morgan Stanley’s chief financial officer, one of the few high-ranking women on Wall Street to survive the last few years.

Main Street pays Wall Street. Municipalities across the country are paying billions to big banks to get out from interest-rate swaps for which they had been convinced to sign up before the financial crisis.

JPMorgan’s prophecy. A JPMorgan memo spells out how the bank sees things developing in the wake of last week’s election.

-- Nathaniel Popper