FREEDOM FORUM: Add a Comment

Article Image

Market Watch

Gold futures rose above $1,000 an ounce Tuesday, climbing to their highest level in nearly 18 months as a weaker dollar boosted the metal's investment appeal. Silver and copper also rallied.The thinly traded September contract rose as high as $1,006.90 an ounce on the Comex division of the New York Mercantile Exchange, the highest level for a nearby futures contract since March 18, 2008.The most active December contract recently gained $6.40, or 0.6%, to $1,003.10 an ounce. Day Ahead: Gold Rushes Past $1,000Gold futures pushed through the key $1,000 per ounce level overnight but the reasons aren't necessarily encouraging. Kelly Evan reports on your day ahead.The London gold fixing, a global benchmark, rose to $1,000.75 Tuesday afternoon, also the highest level since March 18."The higher the price the higher the volatility, but this market is so concerned with inflation possibilities and dollar weakness that momentum is bringing more investors to the buy side," said G

News Link • Global Reported By

Max 1000 chars
Tag as "Crude or Lewd"

You are free to comment on this discussion in any way you feel is appropriate. If you choose to use to use any language which our editors feel is vulgar -- by their standards -- your comment may be tagged "Crude or Lewd" and may be filtered out of the discussion by those who prefer not to read that sort of thing. If you know you have entered something which will cause your comment to be tagged, we ask that you tag it yourself to save us the time. We do encourage everyone to be civil and not make rude attacks on other people in the Forum. We don't censor out those remarks, but few people enjoy reading them and we would like participation in our Forums to be a pleasant experience for everyone. And, by concentrating on what is said instead of who is saying it, even those who may disagree with you will be more likely to consider your opinions valid.

Thank you for your cooperation!