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Gold Prices Rise Above $1,010

Posted By admin On September 11, 2009 @ 10:51 am In Money Watch | Comments Disabled

Wall Street Journal [1]
Friday, September 11, 2009

Most-active gold futures early Friday surpassed the multimonth high hit early in the week due to a combination of a stronger euro and crude oil and buying by large speculators.

Around 10 a.m. Eastern, December gold was up $13.60 to $1,010.40 an ounce on the Comex division of the New York Mercantile Exchange. The contract peaked at $1,013.70 an ounce, its most muscular level since $1,015 back in February.

December silver was up 24 cents to $16.91.


Gold Prices Rise Above $1,010  150709banner2 [2]

“It’s the stronger oil price and also the push by the euro to new highs,” said Jim Steel, metals analyst with HSBC.

The euro has peaked at $1.4636, its strongest level since December. October crude oil has hit a high of $72.90 a barrel, its loftiest level since Aug. 31.

Full story here. [1]

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[1] Wall Street Journal: http://online.wsj.com/article/SB125267834114403171.html

[2] Image: http://prisonplanet.tv/signup.html

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[5] Gold futures rise above $1,360 as dollar falls: http://www.prisonplanet.com/gold-futures-rise-above-1360-as-dollar-falls.html

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