GOLD

Gold, Silver Bounce Back Amid Russia Turmoil After Hitting 3-Month Lows Last Week

Gold and silver futures advanced on Monday, reversing some of their recent losses, as this weekend's aborted mutiny in Russia helped boost demand for safety plays like gold and Treasury bonds.

The yellow metal also benefited from a weaker U.S. dollar, as the ICE U.S. Dollar Index, a gauge of the buck's strength against a basket of rivals, was off by 0.2% at 102.70.

Gold futures for August delivery gained $5.90, or 0.3%, to trade at $1,937 per ounce on Comex.

Silver futures for July delivery rose by 45 cents, or 2%, to $22.82 per ounce.

Palladium futures for September rose by $28, or 2.2%, to $1,314 per ounce, while platinum futures for July delivery rose $3.60, or 0.4%, to $927 per ounce.

Copper futures for September delivery gained 1 cent to $3.80 per pound.

Source : MarketWatch

 

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