Gold tops $1,715/ounce on Fed pledge, weak dollar
Posted: Thu Jan 26, 2012 3:43 amGold tops $1,715/ounce on Fed pledge, weak dollar
from MarketWatch.com - MarketPulse
HONG KONG (MarketWatch) -- Gold futures rose further above the $1,700-an-ounce level in electronic trading Thursday, as a weakened U.S. dollar and the Federal Reserve's projection of low interest rates until 2014 enhanced the precious metal's allure. Gold February futures , which rose $35.60 to end just above $1,700 an ounce on the Comex division of New York Mercantile Exchange overnight, added another $12.20, or 0.7%, to $1,712.30 an ounce during Asian trading hours.
from MarketWatch.com - MarketPulse
HONG KONG (MarketWatch) -- Gold futures rose further above the $1,700-an-ounce level in electronic trading Thursday, as a weakened U.S. dollar and the Federal Reserve's projection of low interest rates until 2014 enhanced the precious metal's allure. Gold February futures , which rose $35.60 to end just above $1,700 an ounce on the Comex division of New York Mercantile Exchange overnight, added another $12.20, or 0.7%, to $1,712.30 an ounce during Asian trading hours.