PRECIOUS METALS: Gold Higher In Asia; Obama, Bernanke Speeches Eyed – Wall Street Journal
WELLINGTON (Dow Jones)–Gold moved higher in the Asian trading Thursday, rising more than 1% as dip buying supported prices with market participants waiting for speeches by U.S. President Barack Obama and Federal Reserve Chairman Ben Bernanke for further direction.
The yellow metal, which pulled back by more than $100 in two trading sessions after touching a record high of $1,920.94 a troy ounce on September 6, was also consolidating after the latest correction. At 0615 GMT, spot gold was at $1,841.60/oz, up $25 from its previous close.
Traders …
WELLINGTON (Dow Jones)–Gold moved higher in the Asian trading Thursday, rising more than 1% as dip buying supported prices with market participants waiting for speeches by U.S. President Barack Obama and Federal Reserve Chairman Ben Bernanke for further direction.
The yellow metal, which pulled back by more than $100 in two trading sessions after touching a record high of $1,920.94 a troy ounce on September 6, was also consolidating after the latest correction. At 0615 GMT, spot gold was at $1,841.60/oz, up $25 from its previous close.
Traders …