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Gold in record territory, pushes past $1,443

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Market Watch
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.

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This article was posted: Tuesday, April 5, 2011 at 10:03 am

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