USD 63.8487

0

EUR 70.5975

0

BRENT 65

+0.37

AI-92 42.31

-0.01

AI-95 45.95

-0.04

AI-98 51.59

-0.04

Diesel 45.97

-0.08

10

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.