Re: Gold rises first day in three as dollar falls; copper paces gains
in response to
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posted on
Jun 09, 2009 06:43AM
NEW YORK (MarketWatch) -- Gold futures rose Tuesday for the first session in three, playing off weakness in U.S. dollar against the euro as investors gauged the long-term staying power of the greenback's recent resurgence.
A weaker dollar enhances the precious metal's investment appeal.
Gold for August delivery rose $8.10, or 0.9%, to $960.80 an ounce on the Comex division of the New York Mercantile Exchange. Traded less actively, the June gold contract also rose, adding 0.9% to $959.80.
Gold ended Monday's trading at the lowest level in more than two weeks, pressured by a firmer dollar. As the greenback turned around, "bargain hunters helped lift gold," said James Moore, analyst at TheBullionDesk.com.
Has anyone have any information when the machinery will move to the
properties?
It should be a great summer, to watch this stock. You still have to like GOLD