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Gold vaults above $1,300/ounce as dollar drops after debt deal

Posted By admin On October 17, 2013 @ 4:49 am In Money Watch | Comments Disabled

Reuters [1]
October 17, 2013

LONDON: Gold prices surged on Thursday, moving swiftly into positive territory to their highest in a week as the dollar lost traction after US lawmakers agreed a last-minute deal to dodge a potentially catastrophic debt default.

Spot gold stood at $1,309 per ounce by 0807 GMT, up 2.14 per cent and having hit a high of $1,318.40.

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URLs in this post:

[1] Reuters: http://economictimes.indiatimes.com/markets/commodities/gold-vaults-above-1300/ounce-as-dollar-drops-after-debt-deal/articleshow/24290221.cms

[2] Gold vaults $1,000/oz, momentum overwhelms: http://www.prisonplanet.com/gold-vaults-1000oz-momentum-overwhelms.html

[3] Gold reaches value of £1,000 an ounce for first time ever: http://www.prisonplanet.com/gold-reaches-value-of-1000-an-ounce-for-first-time-ever.html

[4] 9,173 Ounces Of Gold Transferred From HSBC To JP Morgan Gold Vaults Overnight: http://www.prisonplanet.com/9173-ounces-of-gold-transferred-from-hsbc-to-jp-morgan-gold-vaults-overnight.html

[5] Tiny Mauritius Tells US To Shove Its Dollar, Buys 2 Metric Tons Of Gold From IMF At $1,115 An Ounce: http://www.prisonplanet.com/tiny-mauritius-tells-us-to-shove-its-dollar-buys-2-metric-tons-of-gold-from-imf-at-1115-an-ounce.html

[6] Gold soars above $1,600 per ounce for first time: http://www.prisonplanet.com/gold-soars-above-1600-per-ounce-for-first-time.html

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