Market Overview

Gold Futures Rise on US Debt Downgrade Fears

Related GLD
Gold Futures Remain Range Bound
Materials, Technology And Gold ETFs To Watch This Week
When Will We Learn Of China's Massive Gold Hoard? (Seeking Alpha)
Related ABX
Goldcorp Might've Just Hit Bottom, Barclays Says
Credit Suisse Reviews Barrick Gold's Earnings
Avoid Barrick Gold (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)

Around the Web, We're Loving...