COMMODITIES: Dec 2013 Gold Up 1% to $1347 On Economic Uncertainties

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Gold futures prices continue to get a lift today as U.S. economic uncertainties grow, given a weak jobs growth outlook and a debt ceiling situation that has not yet been fully resolved. Gold futures rose to a three-week high yesterday on speculation that the Federal Reserve will maintain its steady pace of monetary stimulus to boost U.S. economic growth.

The contract fell $8.60, or 0.6%, to settle at $1,334 an ounce on Wednesday and was at $1,347.20, or up $13.20 or 1% today.

The 52-week price range for the contract is $1,183 to $1,765 an ounce.


At one point yesterday, prices climbed to $1,349.30, the highest for a most-active contract since Sept. 30.

Silver prices were up 14 cents or 0.6% to $22.76 today.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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As of 12/19/2014, 04:15 PM


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