April 5, 2011
Gold futures shook off early weakness to trade in record territory Tuesday, supported by conflict in the Middle East and North Africa, fears of a potential U.S. government shutdown and a drop for a key service-sector gauge.
Gold for June delivery (GCM11 1,455, +21.90, +1.53%) rose $10.30, or 0.7%, to $1,443.40 an ounce on the Comex division of the New York Mercantile Exchange.
A close around these levels would be a record settlement for gold, which last reached that milestone on Thursday, when it closed at $1,439.90 an ounce.
Prices rose as high as $1,445.50 an ounce, $3.10 from gold’s record intraday high of $1,448.60 hit March 24.
This article was posted: Tuesday, April 5, 2011 at 10:03 am