Gold remained in record territory on Wednesday, as oil prices fell sharply and the dollar neared its intraday high. Wall Street meanwhile retreated from an intraday high for the year as worries over US jobs figures due Friday tempered an early rally in risk appetite. Gold jumped to a peak of $1,216.75 an ounce, taking its gains for the year to 41% before rising another 1.6% to $1,216.00. Bullion’s latest spurt came as the dollar held fairly steady and then strengthened 0.4% on a trade-weighted basis to 74.63.
This entry was posted by Gwen Robinson on Thursday, December 3rd, 2009 at 4:33 and is filed under Capital markets, Commodities. Tagged with Dollar, gold.
