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.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1779.70 | -19.43 | |
| Silver | 20.27 | -0.51 | |
| Copper | 3.60 | -0.01 | |
| Palladium | 2151.99 | -61.01 | |
| Platinum | 937.61 | -23.39 | |
| Oil | 88.33 | -1.08 | |
| Heating Oil | 3.42 | +0.01 | |
| Natural Gas | 8.80 | +0.07 | |
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