Market Overview

Gold Futures Rise on US Debt Downgrade Fears

Share:
Related GLD
The Largest Junk Bond ETF Just Experienced Its Largest Outflow In History
It's Not Surprising What's Boosting Gold Miners ETFs
Stocks Show Mild Losses; Activision, Herbalife Soar (Investor's Business Daily)
Related ABX
It's Not Surprising What's Boosting Gold Miners ETFs
The Market In 5 Minutes: Do Or Die
Gold And Mining Stock ETFs Take Flight Again Amid A Big Jobs Miss (Investor's Business Daily)

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!