Market Overview

Gold Futures Rise on US Debt Downgrade Fears

Related GLD
Sector Rotation Points To A More Defensive Stance
#Premarket Prep Technical Update - Gold Futures Trading Lower
Related ABX
Barrick Gold Downgraded to Strong Sell - Analyst Blog
Goldcorp Posts Q1 Gold Production - Analyst Blog

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 Commodities Technicals Markets Trading Ideas


Most Popular

Related Articles (GLD + ABX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free