Gold Futures Up To $1,623: Highest Since Mid-June

MarketWatch reported that gold futures for December delivery closed at the highest price since mid-June, settling at $1,623 an ounce.

As quoted in the report:

Prices continued to trade in a tight range amid a lack of major news from the U.S. or Europe, said Chintan Karnani, chief analyst at Insignia Consultants in New Delhi.

Adrian Ash, head of research at BullionVault, commented:

Platinum aside, the precious metals remain rudderless ahead of Wednesday’s Fed minutes and the raft of euro meetings due later this week. But next Monday marks a long weekend in London, and the end of the summer holidays,” he said. “That typically marks the end of gold’s summer doldrums too.

Click here to read the full MarketWatch report.