Economy

xchrom

(108,903 posts)

18. Gold futures gain in Asian trading

Mon Jan 16, 2012, 09:35 AM

Jan 2012

http://www.marketwatch.com/story/gold-futures-gain-in-asian-trading-2012-01-16

HONG KONG (MarketWatch) – Gold futures advanced in electronic trading on Monday after Friday’s euro-zone debt downgrades by Standard & Poor’s focused investor attention back on Europe’s debt troubles.

Gold for February delivery /quotes/zigman/656382 GC2G +0.81% traded at $1,640.40 an ounce at midday in East Asia, compared to its previous U.S. settlement of $1,630.80 on the Comex division of the New York Mercantile Exchange.

Gold futures ended 1% lower on Friday in the U.S. session but were still up 0.9% for the week.

Scotia Capital’s managing director Sunil Kashyap in Hong Kong said there seemed to be support from regional Asian buyers on price dips

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