Source: GoldAlert.Com
Gold spiked higher overnight, touching a high of $1,353 per ounce before settling at $1,348.75 Monday morning – up $6.05. The yellow metal is looking to avoid a fourth consecutive weekly decline.
The euro, which jumped to a two-month high against the U.S. dollar late last week, traded slightly weaker at 1.357 against its American counterpart. On the back of an easing of sovereign debt concerns, the euro has gained nearly 6% in the last two weeks alone.
S&P 500 stock futures gained 1.00 to 1,289.70. While the broad-based S&P 500 declined last week for the first time in eight weeks, the Dow Jones Industrial Average managed to close in positive territory and is looking to advance for the ninth consecutive week.
Gold spiked higher overnight, touching a high of $1,353 per ounce before settling at $1,348.75 Monday morning – up $6.05. The yellow metal is looking to avoid a fourth consecutive weekly decline.
The euro, which jumped to a two-month high against the U.S. dollar late last week, traded slightly weaker at 1.357 against its American counterpart. On the back of an easing of sovereign debt concerns, the euro has gained nearly 6% in the last two weeks alone.
S&P 500 stock futures gained 1.00 to 1,289.70. While the broad-based S&P 500 declined last week for the first time in eight weeks, the Dow Jones Industrial Average managed to close in positive territory and is looking to advance for the ninth consecutive week.
