Posted On: 04/23/2014 3:15:51 PM
Post# of 102854
Gold futures score first gain in four sessions
Ukraine tensions, weakness in equities and downbeat U.S. data provide support
SAN FRANCISCO (MarketWatch) — Gold futures settled higher Wednesday, rebounding the lowest close in three weeks as tensions in Ukraine, weakness in U.S. equities and some downbeat economic data fueled some safe-haven demand for the metal. Gold for June delivery (CNS:GCM4) climbed by $3.50, or 0.3%, to settle at $1,284.60 an ounce on the Comex division of the New York Mercantile Exchange. Prices had fallen for a third straight session on Tuesday to close at $1,281.10, their lowest level since April 1 on a most-active contract basis, as a six-day rally in the S&P 500 index (SNC:SPX) lured investors away from the precious metal. http://www.marketwatch.com/story/gold-rebound...2014-04-23
Ukraine tensions, weakness in equities and downbeat U.S. data provide support
SAN FRANCISCO (MarketWatch) — Gold futures settled higher Wednesday, rebounding the lowest close in three weeks as tensions in Ukraine, weakness in U.S. equities and some downbeat economic data fueled some safe-haven demand for the metal. Gold for June delivery (CNS:GCM4) climbed by $3.50, or 0.3%, to settle at $1,284.60 an ounce on the Comex division of the New York Mercantile Exchange. Prices had fallen for a third straight session on Tuesday to close at $1,281.10, their lowest level since April 1 on a most-active contract basis, as a six-day rally in the S&P 500 index (SNC:SPX) lured investors away from the precious metal. http://www.marketwatch.com/story/gold-rebound...2014-04-23
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