COMMODITIES: Gold Futures Spike Up to Highest Mark Since Mid-May


Gold futures ended Thursday's session firmer, closing at their highest levels since mid-May as the dollar, euro and yen weakened and U.S. stocks continued to slip into negative territory.

The broader market ticked lower after seeing mixed trade earlier in the day. This came after the Labor Department's report that weekly jobless claims fell to 346,000, missing the forecasts of a decline to 345,000.

Gold for August delivery was up 1.19% at last check, just off the day's high of $1,423.

Gold funds, SPDR Gold Trust ( GLD ) was up 1% and Market Vectors Gold Miners ETF ( GDX ) was up 1.67%.

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.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: GDX , GLD

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