Monthly Archives: November 2011

The gold price captivated abiding abreast $1,710 per ounce Tuesday morning as the chicken metal circumscribed afterward yesterday’s rally

The gold amount captivated abiding abreast $1,710 per ounce Tuesday morning as the chicken metal circumscribed afterward yesterday’s rally. The amount of gold oscillated amidst assets and losses in brief trading as it mirrored the accepted aisle of the euro/U.S. dollar bill cross. The euro traded abreast banausic adjoin the greenback at 1.3319 this morning, while European disinterestedness markets were mixed. U.S. markets looked to accessible moderately in the black, with S&P 500 futures up 0.4% at 1,195.25.
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Gold Futures Pare Gains but Get Tailwind from the Euro

Gold futures began the anniversary on a absolute agenda Monday amidst a broad-based assemblage in the bolt complex.

COMEX gold for December 2011 commitment acclimatized college by $25.10, or 1.5%, at $1,710.80 per ounce, its best closing akin back November 18th. However, the chicken metal had been as aerial as $1,724.90 this morning and after pared its gains.
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The gold price surged Monday morning ascent $37.50 to $1,718 per ounce

The gold amount surged Monday morning, ascent $37.50 to $1,718 per ounce. Rumors that the International Monetary Fund (IMF) was advancing a €600 billion ($801 billion) accomplishment amalgamation for Italy, accumulated with able retail sales in the U.S. over the weekend, helped ammunition a almighty assemblage in the stocks, commodities, and the amount of gold. S&P 500 banal futures, which acquired 33.20 to 1186.60, accept collapsed for seven afterwards trading sessions branch into the day. WTI awkward oil rose 2.9% to $99.58 per butt while chestnut avant-garde 2.7% to $3.37 per pound.
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