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Updated from 11:32 a.m. EST
Gold fell Thursday amid choppy trading, with some observers seeing unstable conditions continuing for the foreseeable future.
December contracts closed off $2.10 at $621.70 an ounce, on the Comex division of the Nymex. The bullion exchange-traded funds were edging lower also, with streetTracks Gold Shares (GLD Quote) and iShares Comex Gold Trust(IAU Quote) each under by approximately 0.4%.
"In the near term there is uncertainty surrounding Iraq and the economy, which is positive for gold," says Carlos Sanchez, a metals market analyst at CPM Group, a New York-based specialty consulting firm. "Expect further volatility with an upward bias to prices." ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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|
-1.48%
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-1.72%
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-1.73%
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-1.46%
|
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