Updated from 11:55 a.m. EST
Gold prices surged again Thursday, as the dollar slid on news of an unexpectedly large jump in U.S. jobless claims and a sluggish reading on the factory sector.
Contracts for February delivery of bullion rose $11.10 to $652.90 an ounce on the Comex division of the Nymex. The exchange-traded funds that hold gold stocks also rallied, with streetTracks Gold Shares (GLD Quote) and iShares Comex Gold Trust(IAU Quote) both up about 1.9%.
The surge in gold comes as the dollar traded lower, following the spike in unemployment claims and an unexpectedly weak Chicago purchasing managers index report. The dollar was buying 115.8 yen, down from 116.41 yen. It was also sharply lower against the euro trading at $1.3243 vs. $1.3146 previously. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet