Gold futures on Monday recorded its highest settlement in over three month as it extended last week’s advance despite speculations for a delay in raising interest rates.
Gold for December delivery ended at $1,173.20 an ounce, up 0.7%. Last week, gold added around 1.7% and posted its highest close since August 21. Also, December silver settled at $15.86 an ounce, up 0.2%.
Advances are initially bolstered by haven buying and Russia’s assaults on “opponents of Syrian President Bashar al-Assad’s” administration, said Jim Wyckoff, Senior Analyst at Kitco.
Traders expect the metal to finish at $1,200 an ounce if it can break ahead of $1,169 an ounce.
Meanwhile, December high-grade copper settled at $2.42 a pound. January platinum closed at $995.90 an ounce and December palladium at $694.65 an ounce.
The material has been provided by InstaForex Company – www.instaforex.com
Gold futures on Monday recorded its highest settlement in over three month as it extended last week’s advance despite speculations for a delay in raising interest rates.
Gold for December delivery ended at $1,173.20 an ounce, up 0.7%. Last week, gold added around 1.7% and posted its highest close since August 21. Also, December silver settled at $15.86 an ounce, up 0.2%.
Advances are initially bolstered by haven buying and Russia’s assaults on “opponents of Syrian President Bashar al-Assad’s” administration, said Jim Wyckoff, Senior Analyst at Kitco.
Traders expect the metal to finish at $1,200 an ounce if it can break ahead of $1,169 an ounce.
Meanwhile, December high-grade copper settled at $2.42 a pound. January platinum closed at $995.90 an ounce and December palladium at $694.65 an ounce.
The material has been provided by InstaForex Company – www.instaforex.com
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