Gold edges up; platinum hits record high
NEW YORK — Gold futures traded steady near $985 an ounce Tuesday following strong gains in the previous session, while platinum futures surged to a record high.
Gold for April delivery gained $1.80 at $986 an ounce on the New York Mercantile Exchange. On Monday, gold hit a record of $992 an ounce.
Early Tuesday, April platinum futures vaulted to a record high of $2,308.80 an ounce, surpassing the record set in the previous session. The platinum contract was last up $28.40 at $2,270.0 an ounce.
“Gold has remained underpinned this morning and given the ongoing concerns towards the U.S. economy and the pressure this is putting on the greenback, it seem inevitable gold will challenge the $1,000-an-ounce level in the very near future as investors diversify towards stronger-yielding assets,” said James Moore, an analyst at TheBullionDesk.com, in a research note.
Read Full MarketWatch Article here
Related Articles
- Platinum inches higher, gold hits 7-week low
- Gold Plummets on Profit-Taking
- US Mint Resumes Gold Sales but Not Platinum - UPDATE
- Platinum hits new high above 2,100 usd/oz on SAfrica supply woes
- Gold trades sharply lower as dollar gains
- US platinum futures hit high on funds, supply fear
- Gold dulls as dollar turns mixed, oil backs off high
- Gold glittering at record price
- Gold ends above $920, up over 6% in four sessions
- Gold, copper end at highest levels in more than two months
- Gold falls 2 pct on dollar rise, profit-taking
- US Mint Halts Sale of 2007 Proof Buffalo Gold and Platinum Coins
- Gold touches 27-year high of $746.30 an ounce; silver surges nearly 3%
- Gold surges to 28-year high, as dollar tumbles
- Gold Gets More Precious, Cracking $800 Barrier
- Will Coin Collecting Ever Be the Same Again?
- Gold Soars Most Since 1999, Silver Surges on Demand for Haven
- Gold Falls Most in Six Weeks as Dollar Rallies; Silver Declines
- Gold marks 28-year peak, sights on $800
- U.S. gold ends near $900 on rate cut speculation
About the Author
MarketWatch, Inc., a wholly-owned subsidiary of Dow Jones & Company, is a leading innovator in business news, personal finance information, real-time commentary and investment tools and data. The Company generates more than 1,400 headlines, stories and market briefs a day from 100 journalists in 10 bureaus in the U.S., London and Hong Kong. www.marketwatch.com


















