Gold futures bounced back from earlier losses on Friday morning, with the COMEX
December 2011 contract climbing from an overnight low of $1,675.40 to $1,697.30
per ounce. The rebound in gold futures coincided with a turn higher in the
broader commodities complex and the euro as the U.S. dollar weakened against a
basket of the worlds leading currencies. Silver futures climbed from an
overnight low of $31.01 to $31.77 per ounce this morning, while crude oil jumped
from $94.99 to $96.82 per barrel. The euro currency fell to a multi-week low of
1.3214 against the dollar this morning, but rebounded toward the 1.33 level as
the greenback retreated.
No comments:
Post a Comment