Gold futures log first gain in - The Hunt for the Next 10 Bagger

Posted On: 11/04/2013 9:39:49 PM

Post# of 102839

Posted By: ruliquid

Gold futures log first gain in three sessions

Prices bounce off a two-week low after a two-session loss of almost 3%

SAN FRANCISCO (MarketWatch) — Gold prices settled higher on Monday on the back of a weaker U.S. dollar and after St. Louis Fed President James Bullard said the central bank wasn’t in a rush to taper its bond purchases.

Gold prices bounced off a two-week low to score their first gain in three sessions.

Gold for December delivery (CNS:GCZ3) rose $1.50, or 0.1%, to settle at $1,314.70 an ounce on the Comex division of the New York Mercantile Exchange. Read: Gold may be oversold and other trading ideas.

Gold futures closed Friday with a nearly 3% loss for the week, ending that day at their lowest level since mid-October as a rally in the U.S. dollar against the euro (ICAP:EURUSD) weighed on prices. Prices lost 1.9% on Thursday and 0.8% on Friday. http://www.marketwatch.com/story/gold-unable-...2013-11-04

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