Gold futures rose today on safe-haven buying amid news reports that Turkish jets shot down a Russian military aircraft.
In early morning trading, Comex gold climbed $10.70 at $1,077.40 an ounce. Still, gold futures sit at a 5.5-year low.
By Diane Alter, Contributing Writer, Money Morning -
Gold futures rose today on safe-haven buying amid news reports that Turkish jets shot down a Russian military aircraft.
In early morning trading, Comex gold climbed $10.70 at $1,077.40 an ounce. Still, gold futures sit at a 5.5-year low.
By Diane Alter, Contributing Writer, Money Morning -
Gold futures rose today on safe-haven buying amid news reports that Turkish jets shot down a Russian military aircraft.
In early morning trading, Comex gold climbed $10.70 at $1,077.40 an ounce. Still, gold futures sit at a 5.5-year low.
Here is what's been weighing on gold futures prices
By Diane Alter, Contributing Writer, Money Morning -
The gold price today jumped $10, or 0.80% to $1,271 an ounce in morning trading. The gains came despite typical headwinds for the yellow metal: a stronger dollar and slipping oil prices.
The yellow metal gave back some of those gains in the afternoon session. Just before 1 p.m., gold was hanging on to a $2.70 rise at $1,263.80.
Here's a look at the three factors moving gold prices today...
By Diane Alter, Contributing Writer, Money Morning -
A shocking move Thursday from the Swiss National Bank sent the gold price today soaring to $1,264.80 - a four-month high.
Spot gold was up $33.60, or 2.76%, to 1,264.60 an ounce just before noon. It closed up $30.30, or 2.5%. That was the yellow metal's highest price since Sept. 8.
The Swiss franc also enjoyed a robust rally.
Here's what happened to goose gold...
By Diane Alter, Contributing Writer, Money Morning -
Gold prices spiked today (Thursday), hitting a near four-month high in early trading. In the morning session, August Comex gold soared $20.20 to $1,355.50 an ounce, its highest level since March 19. Spot gold jumped $17.10 at $1,344.25.
There are a few factors contributing to why gold prices are up today...
By Diane Alter, Contributing Writer, Money Morning -
Gold prices jumped $28 to a six-week high Thursday while the Dow fell more than 200 points in afternoon trading.
February gold ended the day up $25.80 to $1,264.50 an ounce. Spot gold finished up $28.10 at $1,265.50.
Precious metal traders cited short covering, bargain hunting, and technical buying behind gold's gains. Unquestionably propelling the yellow metal's ascent Thursday was the steep intraday 217.42 point, or 1.33%, Dow plunge.
This news out of India is really what was driving gold prices...
By Diane Alter, Contributing Writer, Money Morning -
Why gold is up today: Gold prices on Tuesday morning staged the biggest advance since mid-October. Gold prices ended Tuesday's session sharply higher, hitting a three-week high. February gold gained $28, or 1.5%, at $1,262.20 an ounce. Spot gold added $22.70 to reach $1,263.50 an ounce.
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By Diane Alter, Contributing Writer, Money Morning -
Gold moved sharply higher Tuesday thanks to a weaker-than-expected September jobs report - and our country's employment situation is yet another reason why gold prices are up today and will resume their climb...
Perhaps anticipating a weak number, gold prices began moving higher shortly before the jobs report. Gold moved up $5 to $1,320.80 two minutes before the release.
Following the report, gold surged.
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By Diane Alter, Contributing Writer, Money Morning -
Gold is down about 17% in 2013, but here's why gold prices are up today - and will continue their rise...
On Monday, as gold inched toward $1,400 an ounce, bulls claimed the yellow metal was entering a third-quarter bull market - and Tuesday's gold-price gains helped it get there.