Wednesday, July 6, 2011

Gold futures close at a two-week high

July 6, 2011, 2:17 p.m. EDT (MarketWatch) — Gold futures closed at their highest level in two weeks Wednesday, with global-debt troubles helping it tally a two-session win of nearly $47 an ounce. Gold for August delivery /quotes/zigman/700181 GC1Q +1.14% closed up $16.50, or 1.1%, at $1,529.20 an ounce on the Comex division of the New York Mercantile Exchange. The contract, which earlier touched a high of $1,534.50, marked its highest close since June 22.“ Gold’s current strength signals that something’s very seriously amiss on both sides of the Atlantic,” said Adrian Ash, head of research at, an online service for gold-bullion trading and ownership.


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