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Wednesday, August 28, 2013

Gold ends mixed, hits 3-1/2 month high on Syria jitters

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:25 PM No comments


Reuters (29/8) - NEW YORK/LONDON - The spot gold price briefly rose above $1,430 an ounce to a three-and-a-half-month high on Wednesday on safe-having buying as the United States and its allies looked set to launch military strikes on Syria.

Spot gold was up 0.1 percent at $1,416.86 an ounce by 3:29 p.m. (1929 GMT), having earlier hit $1,433.31, its highest price since May 14.

U.S. gold futures for December delivery settled down $1.40 an ounce at $1,418.60, with trading volume about 10 percent below its 30-day average, preliminary Reuters data showed.

http://www.reuters.com/article/2013/08/28/markets-precious-idUSL4N0GT1OU20130828

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