- Prison Planet.com - http://www.prisonplanet.com -

Gold futures rise above $1,360 as dollar falls

Posted By admin On October 13, 2010 @ 4:07 am In Money Watch | Comments Disabled

Myra P. Saefong
MarketWatch [1]
Oct 13, 2010

LONDON (MarketWatch) — Gold futures resumed their run higher, hitting an intraday high of $1,362 an ounce on Wednesday, as weakness in the U.S. dollar spurred demand for the precious metal.

Gold for December delivery  rose $14.90 to $1,361.60 an ounce in electronic trading on Globex.

Earlier in the session, the contract touched an intraday high of $1,362 an ounce.

“Support is coming from a very weak U.S. dollar again, which plunged against the euro yesterday on publication of the minutes of the last Fed meeting,” said analysts at Commerzbank in a note to clients.

“The minutes were interpreted by market players to mean that the Fed is highly likely to introduce new quantitative easing measures as soon as November,” they said.

Full article here [1]

Having A Supply Of Healthy Foods That Last Just Makes Sense (AD) [2]

Gold futures rise above $1,360 as dollar falls 140910banner5 [3]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/gold-futures-rise-above-1360-as-dollar-falls.html

URLs in this post:

[1] MarketWatch: http://www.marketwatch.com/story/gold-futures-rise-to-fresh-highs-near-1360-2010-10-13?reflink=MW_news_stmp

[2] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[3] Image: http://www.homegain.com/homevalues

[4] Gold futures fall as U.S. dollar rallies after China move: http://www.prisonplanet.com/gold-futures-fall-as-u-s-dollar-rallies-after-china-move.html

[5] Gold hits fresh high as US dollar falls to three-year low: http://www.prisonplanet.com/gold-hits-fresh-high-as-us-dollar-falls-to-three-year-low.html

[6] Gold rises to three-month high as weaker dollar spurs demand: http://www.prisonplanet.com/gold-rises-to-three-month-high-as-weaker-dollar-spurs-demand.html

[7] Gold Falls in London as Dollar Strengthens, Crude Oil Declines: http://www.prisonplanet.com/gold-falls-in-london-as-dollar-strengthens-crude-oil-declines.html

[8] Gold falls 2 pct, tracking losses across commodities: http://www.prisonplanet.com/gold-falls-2-pct-tracking-losses-across-commodities.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.