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Gold Watch: Bullion nears $950 as rally rages on
Posted on July 01, 2008
Gold for August delivery gained $16.20 to finish the session at $944.50 an ounce on the New York Mercantile Exchange. MarketWatch reports: Gold futures climbed Tuesday to close at their highest level since mid-April, as weakness in the dollar and rising crude-oil prices burnished the precious metal's investment appeal. Mark O'Byrne, an executive director at Gold and Silver Investments Ltd. said gold prices should be well supported in the $910-$920 region and $952 is now the key resistance for this market. Any close above $952 should see us re-challenging the psychological $1,000 i...
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