Market Overview

Gold Futures Rise on US Debt Downgrade Fears

Share:
Related GLD
UBS Asks, 'Is Gold Ignoring Greece?'
StockTwits Taking Notes On Greek Banking Meltdown
Gold Deeply Pressured (Seeking Alpha)
Related ABX
Keep An Eye On These 8 After-Hours Movers
What's Next For Gold Investors?
Stansberry's Matt Badiali Shares His Guide To Avoiding Pitfalls In The Climb To Resource Investing Heights (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...

Get Benzinga's Newsletters