USD 75.0319

-0.16

EUR 88.9578

+0.33

BRENT 43.09

+0.02

AI-92 43.25

-0.01

AI-95 47.43

0

AI-98 53.2

+0.01

Diesel 47.46

-0.02

65

Comex Gold Futures Above $500

The session was marked by light volume as the year-end approaches

Comex gold settled above $500 on Thursday amid short-covering and physical buying interest ahead of the long holiday weekend.

February contract gold futures settled up $9.70 at $505.00 an ounce at the Comex division of the NYMEX.

At the open the contract garnered support from overnight buying interest in Japan and
traded in a $497.80-$507.30 an ounce range.

The session was marked by light volume as the year-end approaches but traders
noted that strong physical demand, mainly from the Middle and Far Eastern
regions, moved in after gold broke below the $500 an ounce level on Tuesday.