Gold Ends Higher on European Bailout News

Data Analysis 11:19:28AM Jun 12, 2012 Source:SMM

CHICAGO, June 11 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange ended higher Monday on news of a bailout for Spanish banks, but stayed below 1,600 U.S. dollars an ounce as uncertainty in Spain and the euro zone remained.

The most active gold contract for August delivery gained 5.4 U. S. dollars, or 0.3 percent, to settle at 1,596.8 dollars per ounce.
 

Key Words:  Gold futures  

Gold Ends Higher on European Bailout News

Data Analysis 11:19:28AM Jun 12, 2012 Source:SMM

CHICAGO, June 11 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange ended higher Monday on news of a bailout for Spanish banks, but stayed below 1,600 U.S. dollars an ounce as uncertainty in Spain and the euro zone remained.

The most active gold contract for August delivery gained 5.4 U. S. dollars, or 0.3 percent, to settle at 1,596.8 dollars per ounce.
 

Key Words:  Gold futures