Market Overview

Gold Futures Rise on US Debt Downgrade Fears

Related GLD
Gold Futures Give Back Some Of Week's Gains
JPMorgan's Kolanovic On Stocks, Gold And Advice For The Fed
6 Best ETF Picks: Offering Value, Benefiting From Rising Rates (Investor's Business Daily)
Related ABX
Buy The Weakness? Disney Leads Wednesday's Fast Money Picks
Have We Hit Peak Gold?
Locking In Gold Gains (Seeking Alpha)

After four days of consolidation between 1251 and 1294.80, Gold futures are back in the 1300 handle. Rumblings over US debt downgrades have prompted interest in defensive issues, such as Gold. At this time. the rally has stalled at 1322.90, which coincides with the October 9 high (1323.30).

Posted-In: Futures Technicals Commodities Markets Trading Ideas


Related Articles (GLD + ABX)

View Comments and Join the Discussion!

Get Benzinga's Newsletters