Gold futures top $1,100/oz for first time

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News Link • Precious Metals Gold futures top $1,100/oz for first time 11-06-2009 • Reuters Gold futures in New York rose to a record above $1,100 per ounce on Friday as the dollar eased in the wake of disappointing U.S. employment data. At 9:48 a.m. EST December gold was up $10.20 at $1,099.50 an ounce at the COMEX division of the New York Mercantile Exchange, having topped at $1,101.90 in morning trade. Spot gold reached a record at $1,100.90 per ounce. Read Full Story
Reported by Powell Gammill

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Comments in Response
Comment by: TheRockster Entered on: 2009-11-06 13:40:14 Gold is not "up." Gold is gold; it can't go up or down. The dollar is tanking, an entirely different matter.
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