USD 64.3455

+0.09

EUR 71.0503

+0.2

BRENT 59.14

+59.14

AI-92 42.27

+0.11

AI-95 46.03

+0.1

AI-98 51.83

+0.01

Diesel 46.13

-0.02

26

Gold At 6 Month High

New York gold garnered market enthusiasm and reached close to a six-month high

New York gold garnered market enthusiasm and reached close to a six-month high on Thursday as the release of U.S. jobless claims triggered a rally, Dow Jones reported.

The benchmark December contract settled $1.70 higher at $450.70 an ounce. Early in the session, the release of U.S. jobless claims - which showed adecline of a 1,000 to a seasonally adjusted level of 319,000 - triggered a rally to a high of $453.90 - December gold's highest level since March 16.

Jim Steel of Refco Inc. in New York said the jobless claims report did give gold a boost but the rally in oil appeared to be more of a driver for gold on the day.