|
|
New York gold futures gain for second straight day |
 |
+ |
- |
11:11, April 24, 2009 |
Gold prices in New York market advanced Thursday for a second straight day and settled above 900 U.S. dollars.
Gold futures for June delivery rose 14.10 dollars, or 1.6 percent, to 906.60 dollars an ounce on the New York Mercantile Exchange.
Weakness in the dollar and choppy actions in the equity market added strength to gold bull camp. U.S. stocks fluctuated on a bigger-than-expected drop in home sales and elusive corporate earning reports.
Some analysts believed the upcoming bank stress test results were potentially poised to throw another anxiety event, which drove speculative buying interest to the gold market.
Source: Xinhua
|
|
|
Comment
Tell A Friend
Print Format
Save Article