Precious Metals

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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MARKETS

Markets
TSX20180.60+0.79
TSXV678.50-1.99
DOW33912.44+151.39
S&P 5004297.14+16.99
NASD13128.05+80.87
ASX7032.50-38.50

COMMODITIES

Commodities
Gold1779.70-19.43
Silver20.27-0.51
Copper3.60-0.01
Palladium2151.99-61.01
Platinum937.61-23.39
Oil88.33-1.08
Heating Oil3.42+0.01
Natural Gas8.80+0.07

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