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Reuters reported that gold prices rallied to their highest so far in 2012 on Thursday on the up-coming US jobs data, and the ECB’s intent to keep borrowing costs low. Gold prices are setting their sights on the $1,800 mark.
Reuters reported that gold prices rallied to their highest so far in 2012 on Thursday on the up-coming US jobs data, and the ECB’s intent to keep borrowing costs low. Gold prices are setting their sights on the $1,800 mark.
As quoted in the market news:
Spot gold rose 0.7 percent to $1,789.70 an ounce by 2:21 p.m. EDT (1821 GMT), having earlier hit a high of $1,794.90, the loftiest level since mid-November 2011.
U.S. COMEX December gold futures settled up $16.70 at $1,796.50 an ounce, with trading volume largely in line with its 30-day average, preliminary Reuters data showed.
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Commodities | |||
---|---|---|---|
Gold | 1980.79 | +0.24 | |
Silver | 23.73 | +0.01 | |
Copper | 3.77 | +0.03 | |
Oil | 75.84 | +2.94 | |
Heating Oil | 2.70 | +0.03 | |
Natural Gas | 2.96 | -0.10 |
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