US gold futures rose on Thursday on fund and technical buying
US gold futures rose on Thursday on fund and technical buying.
August gold futures settled up $3.50 to $443.20 per ounce on the Comex division of the New York Mercantile Exchange.
As it has on some other days lately, gold ignored its historical relationship
of moving inversely to the dollar. Gold's gain occurred even though the euro at
one point fell as far as $1.2026, only a handful of ticks from the nine-month
low hit last week.