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    gold investing

    Gold Firms, Poised to Make New High on Oil’s Rally

    Investing News Network
    Feb. 24, 2011 11:48AM PST
    Precious Metals

    International Business Times reports that gold and oil prices extended rallies in Europe.

    International Business Times reports that gold and oil prices extended rallies in Europe.

    The market news is quoted as saying:

    Currently trading at 1114, the benchmark Comex gold contract has been hovering around a 7-week high. It’s likely that the metal will challenge the all-time high made in December should geopolitical tensions in the MENA region intensify. Gold’s near-term rally has been mainly driven by the recent unrests and oil prices.

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